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'Set up gold bank, gold deposit a/c to minimise smuggling'

Last Updated: Wednesday, July 02, 2014, 18:24

The government should establish a gold bank and introduce a gold deposit account operated through scheduled commercial banks to minimise smuggling of the yellow metal, industry body Assocham said Wednesday.

Five Indians held in Bangladesh for gold smuggling

Last Updated: Monday, June 23, 2014, 19:00

Five Indians were detained for smuggling 36 gold bars weighing around 4.4 kg in a bus in Bangladesh, media reported Monday.

India's gold demand down 26% at 190.3 tonne: WGC

Last Updated: Tuesday, May 20, 2014, 11:35

In value terms, gold demand witnessed a fall of 33 percent to Rs 48,853 crore during the first quarter of 2014.

Surgeons in Delhi hit `goldmine`; find 12 gold bars in patient`s guts

Last Updated: Friday, April 18, 2014, 15:09

Surgeons in Delhi unexpectedly struck gold finding 12 small gold bars inside a 63-year-old businessman when he was being operated after having complained of pain in his gut.

Curbs on gold import norms leading to smuggling: Sharma

Last Updated: Friday, March 21, 2014, 14:59

Commerce and Industry Minister Anand Sharma has favoured a review of curbs on gold import norms saying the restrictions are leading to smuggling.

Govt tightens checks to curb gold smuggling

Last Updated: Monday, March 03, 2014, 13:03

"Government agencies are raiding and seizing gold at various places and asking to reconcile the (gold bar) number with the imported gold," said India Bullion and Jewellers Association (IBJA) general secretary Surendra Mehta.

India's gold demand up 13% at 975 tonnes in 2013: Report

Last Updated: Tuesday, February 18, 2014, 14:37

India's gold demand remained buoyant in 2013 and rose by 13 percent to 975 tonnes compared to 2012, despite government putting in several restrictions to curb imports, according to a World Gold Council report.

Gold smuggling in India to rise if curbs stay: WGC

Last Updated: Tuesday, February 18, 2014, 11:55

Gold demand in India is expected to be robust in 2014, likely leading to a further jump in smuggling if curbs on bullion imports remain, the World Gold Council (WGC) said.

One kg gold seized from air passenger

Last Updated: Sunday, January 26, 2014, 21:39

One kg of gold was on Sunday seized from a man, who arrived here by a flight from Dubai, officials said.

Indian tries to smuggle gold as luggage handle in UAE, arrested

Last Updated: Friday, January 24, 2014, 19:19

An Indian has been arrested at Sharjah International Airport for attempting to smuggle gold, moulded into the form of luggage handles, to India.

Income Tax department eyes foreign gold buyers

Last Updated: Sunday, January 19, 2014, 11:01

Financial details of Indians bringing in gold from abroad after duty payment will be shared by customs authorities with Income Tax department to check suspicious ferrying of the yellow metal into the country.

Three held for smuggling gold worth over Rs 2 cr at airport

Last Updated: Wednesday, January 08, 2014, 01:41

Three persons, including a father and his daughter, have been arrested for allegedly trying to smuggle into the country gold bars valuing over Rs two crore at airport here.