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India's Illegal Gold Imports Surge Over 1,500% To 50 Tonnes As Higher Import Duty Fuels Unofficial Trade: WGC

India's Illegal Gold Imports Surge Over 1,500% To 50 Tonnes As Higher Import Duty Fuels Unofficial Trade: WGC
Photo: Free Press Journal · view original

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 t...

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