Why is gold smuggling on the rise in our country?

While most experts blame the current import policies, mid-day takes a look into the reasons why smuggling of the yellow metal has been on the rise in the last few months

In the last five months, Terminal 2 of Chhatrapati Shivaji International Airport has witnessed seizure of close to 400 kg gold, approximately worth Rs 100 crore, out of which 100 kg was recovered in this month alone.

Also read: Airport staffer held for transporting gold bars from toilets

A big resurgence of gold smuggling has raised concerns at the Air Intelligence Unit (AIU), with some officials blaming the import policies and others hoping for the situation to get better with the new government in place.

Also read: Gold worth more than Rs 2 cr seized in one day

Speaking to experts, mid-day tries to find out the reasons behind the spurt in smuggling of the yellow metal, and looks into some common trends in the seizures made by AIU in the past.

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