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60 kg smuggled gold seized outside Ahmedabad airport, six arrested

Gujarat police said they had made the single biggest seizure of gold smuggled into India on Tuesday after arresting six people leaving an airport with 60 kg of the precious metal flown in from Dubai.

Gold still a good bet for investors: SK Jain

Currently, gold rates are high because of the ongoing war in Iraq. If geo-political tension escalates in Middle East, the gold rates are expected to up further.

`Govt may relax gold import duty by 2-3%`

Gold might trade in a range of roughly between Rs 25,000-Rs 28,500.

High duty failed to curb Indian gold imports

The higher gold and oil imports were also responsible for a record high current account deficit (CAD) figure in 2012-13.