AIJGF President Mr Pankaj Arora submits three representations covering high-value digital payments, a national framework for money-lending and pledge-based lending, and concerns over differential gold pricing and illegal gold smuggling.
Browsing: gold smuggling
India’s gold market is adjusting to a record import duty increase after the government raised gold import duty from 6% to 15% in May 2026. According to the World Gold Council, the move has widened domestic discounts, influenced ETF flows, increased smuggling incentives, and is expected to moderate gold demand during 2026.
A major gold smuggling case at Delhi Airport has highlighted growing concerns over increasing illegal gold trafficking after India raised import duties on precious metals. Customs officials seized 115 gold bars worth over ₹5.7 crore from a US passenger arriving from San Francisco, pointing to a broader rise in organised smuggling activity.
