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Gold smuggling returns to haunt key consumer India

Record high prices have nudged up gold smuggling in key consumer India, and chances are that this will rise further in coming weeks with neighbour Bangladesh abolishing a customs duty.
Even as gold prices have soared to around Rs 50,000/10 grams amid the economic uncertainty wrought by the covid pandemic, migrant workers from the Middle East have been found with illegally stashed merchandise while returning home on special flights. “If someone is able to slip in a kilo bar of gold,


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