Wednesday, 19 August 2015

Smuggling of gold sees a decline as its demand softens

A fall in premium on gold amid softening demand has led to decline in smuggling this year, traders said citing industry estimates of an expected 150 tonnes compared to 200 tonnes last year There are two main reasons for the decline in smuggling, said Ketan Shroff, spokesperson for India Bullion and Jewellers' Association.

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