Dossier
bullion dealers
Coverage of bullion dealers in the Nexus archive.
- Gold smugglers ‘make a killing’ in India as grey market outshines hefty tariffs
India's increased gold import tariffs to 15% have led to a surge in smuggling, with estimates exceeding 100 tonnes annually as grey market margins allow smugglers to undercut banks and refiners. Industry officials and bullion dealers report this resurgence, highlighting India's position as the world's second-largest gold market.