bullion market
Gold Smuggling Surges in India as Festive Demand Drives Record Prices and Supply Shortages
Oct 16, 2025 10:25 pm CST
Amid record gold prices and approaching Diwali festivals, India faces a spike in gold smuggling with margins exceeding Rs 1.15 million per kilogram. Officials report increased illegal imports as supply shortages push premiums to decade-high levels, creating lucrative opportunities for smugglers despite reduced import duties.
Gold Price Surges Rs 1,800 To Rs 1.15 Lakh Per 10 Gram In Delhi
Sep 17, 2025 01:15 am CST
Gold price surged Rs 1,800 to touch a fresh peak of Rs 1,15,100 per 10 grams in the national capital on Tuesday amid a weak US dollar and growing expectations of rate cut by the Federal Reserve.