Browsing: precious metals

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.

India has tightened import regulations for select silver categories under the revised DGFT policy framework. The move places specific silver products under the “Restricted” category, requiring authorisation for imports meant for domestic consumption, while export-oriented imports remain exempt.

India’s leading digital gold and silver players have come together to establish the Digital Precious Metals Assurance Council of India (DPMACI), a self-regulatory organization focused on transparency, governance, operational integrity, and consumer protection in the digital precious metals ecosystem.

The All India Gem & Jewellery Domestic Council (GJC) today issued its annual review of the bullion market, highlighting the extraordinary rally in gold and silver during 2025, which has pushed both metals to record or near-record highs by December and the factors driving this surge.