India's Illegal Gold Imports Surge Over 1,500% To 50 Tonnes As Higher Import Duty Fuels Unofficial Trade: WGC
India's unofficial gold imports reached their highest level since 2023 during the July-September quarter, following a sharp increase in import duties, according to the World Gold Council (WGC). Citing estimates from consultancy Metals Focus, the WGC reported that informal gold inflows rose more than 1,500% to 50 metric tonnes, compared with three tonnes during the corresponding quarter last year.…
We haven't written up this one. Free Press Journal has the full story — the link below goes straight to it.
