Gold smuggling hits 50 tonnes in India as 15% import duty widens price gap
60-Word AI Digest
According to a World Gold Council report, gold smuggling is estimated to have climbed to around 50 tonnes in the September quarter, compared with just three tonnes in the same period a year earlier. The surge highlights how higher import costs have had unintended consequences for the market.
Key Takeaways
- According to a World Gold Council report, gold smuggling is estimated to have climbed to around 50 tonnes in the September quarter, compared with just three tonnes in the same period a year earlier.
- The surge highlights how higher import costs have had unintended consequences for the market.
- Full details and original dispatch available below.
According to a World Gold Council report, gold smuggling is estimated to have climbed to around 50 tonnes in the September quarter, compared with just three tonnes in the same period a year earlier. The surge highlights how higher import costs have had unintended consequences for the market.
Original Publisher Attribution
This summary was curated from Times of India.