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Gold smuggling hits 50 tonnes in India as 15% import duty widens price gap

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.

Gold smuggling hits 50 tonnes in India as 15% import duty widens price gap

We haven't written up this one. Times of India has the full story — the link below goes straight to it.

Read the original at timesofindia.indiatimes.com →

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