Import duty cut brings down gold smuggling in India, show data

The total quantity of smuggled gold seized by enforcement agencies and the number of such cases dropped by around 50% in 2024-25 in comparison to the previous year, latest data tabled by the union finance ministry in Parliament on August 18 show.

- Siddharth Prabhakar @ Chennai

While 4,971.68 kg of gold was seized in 6,599 cases in FY24, the seizure amount and the number of cases dropped to 2,600 kg and 3,005 in FY25 respectively. The data covered seizures of gold smuggled through land, sea and other routes across the country.