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India Tax Hike Drives Illegal Gold Imports to Three-Year High

A government duty hike spurred the use of unofficial channels, causing illegal gold imports to surge to their highest level since 2023 in the third quarter.

2 publishers · 2 articles · first seen 3 Nov 2026 · updated 2h ago

Headline and summary written by an AI model from the linked articles; not reviewed by a person. How this was made

The story so far

2 publishers have covered this in 2 articles since 3 Nov 2026. Bloomberg Markets published first, on 3 November at 06:00 UTC; Times of India followed 27h 15m later. The most recent article, from Times of India, appeared on 4 November at 09:14 UTC.

Outlets reporting it: Bloomberg Markets (major outlet), Times of India.

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Sources

Every article we clustered into this story. Headlines link to the publisher.

  1. India’s Tax Hike Drives Illegal Gold Imports to Three-Year High Bloomberg Markets ·
  2. Gold smuggling hits 50 tonnes in India as 15% import duty widens price gap Times of India

In this story

  • India
  • World Gold Council
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