India's Illegal Gold Imports Surge 1,500% in Q3 2023
India's illegal gold imports surged to 50 metric tons in the third quarter of 2023, a 1,500% increase. This rise follows government hikes in duties on gold and silver imports, which have encouraged smuggling and cash sales. Although gold demand usually rises during major festivals, year-on-year data shows an overall decline in demand.
Economic Times·




