Illegal gold imports surge in India, distorting the bullion market

India

First seen: Sep 9, 2026, 6:16 PM UTCUpdated: Sep 9, 2026, 10:32 PM UTC

WHAT HAPPENED

Smuggled gold is reportedly selling for up to 8,000 rupees less than legally imported bullion, undermining legitimate dealers and distorting India’s bullion market.

SO WHAT?

Growing smuggling can weaken lawful trade, reduce tax collection and disrupt pricing in a major gold market.

FOR ME

Impact on Switzerland

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MARKETS

Market impact

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COVERAGE

Reports behind this event

hellenicshippingnews.comen

India's edible oil import rise clogs ports, slows fresh purchases | Hellenic Shipping News Worldwide

Sep 9, 2026, 10:32 PM UTC

economictimes.indiatimes.comen

India bullion market: Illegal gold imports surge in India: Smuggled gold selling up to Rs 8,000 cheaper is distorting bullion market & hurting legitimate dealers

Sep 9, 2026, 6:16 PM UTC