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Higher Indian import duties fuel renewed illegal gold smuggling

Higher import duties have reportedly revived gold smuggling through Indian airports, borders and concealment methods. The development reflects disruption in the formal gold trade rather than a broad market shock.

By DoomRadar · Published on DoomRadar .

Why it matters

Smuggling can reduce customs revenue and complicate regulation of India's substantial gold market.

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  1. India's Illegal Gold Rush: How Higher Import Duty Revived Smuggling Through Airports, Borders and Bodies ↗openthemagazine.com · Recorded source date: Sep 1, 2026, 8:16 AM UTC

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