Which state in India has the highest gold smuggling?
The state, which has been topping the charts for a while in terms of the number of gold smuggling incidents reported, has ceded its position to Maharashtra in 2023. In fact, it has slipped a further spot with Tamil Nadu also overtaking it, according to data presented by the finance ministry in the Rajya Sabha recently.
Gold smuggling through air routes in India remains a prominent method used by smugglers. Middle East and South East Asian countries have traditionally been the major points of origin.
Furthermore, the fourth Southern state, Andhra Pradesh, still ap- pears in the top 10. The urban expenditures on gold also reflect a Southern influence. Kerala and Tamil Nadu once again rank first and second, while Karnataka and Andhra Pradesh remain also in the top 10.
Gold smuggling cases in the Chennai airport has become a series of endless crime, even during the corona pandemic emergency lockdown. The gold smuggling cases through airports are caught and dealt by customs inside the airport according to Customs Act 1962; and by DRI officials in and outside the airport.
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Can I take gold bars to India from the UK?
Yes, you can bring gold into India, however you must pay an import tax and there are restrictions on how much gold you can import. Note that the customs duty rate is different for Indian passport holders and those of Indian descent, and the rate changes based on how long they have been abroad.
Buying gold in Kerala can be a favorable choice due to its relatively lower rates compared to other regions in India. As the state's gold rates are often cheaper, it's considered an appealing destination for purchasing gold, whether for personal use or investment.
After Karnataka, Bihar holds 44 percent of India's total gold reserves. Rajasthan has 25 percent of the gold reserves. These states majorly contribute to the country's economy and play a crucial role in its development.
Among all U.S. states, Nevada significantly outranks others in total historical gold production, boasting approximately 225 million troy ounces historically. Present-day annual production statistics further reinforce this dominance, with Nevada producing an impressive 6,123,329 troy ounces yearly as of 2025.
Currency Diversification: Holding only dollars or euros can be risky. By adding gold, India is spreading the risk. Geopolitical Risks: With rising global tensions and shifting economic alliances, gold is seen as a neutral and safe asset. In simple words, India is making its reserves more secure and future-proof.
Some of the goods and entities popular with smugglers are Gold, Foreign currency, Narcotic drugs, Electronic items, Fabric/Silk yarns, Diamonds, Indian currency, Watches/parts, Machinery, Vehicles/Vessels/Aircraft, Fake Indian currency, Wildlife, Tobacco products, etc. 1.3 Counterfeit and fake products: 1.3.
As a result of violation gold is liable to be confiscated under Section 111 of customs act, 1962. Customs Act of 1962 is the decisive and critical Act that regulates and provides for implementing and collecting duty on exported and imported goods.
Karnataka. Karnataka is the largest producer of gold in India. Gold mines are located in Kolar [Kolar Gold Field], Dharwad, Hassan and Raichur [Hutti Gold Field] districts. Hutti mines are exploited to their maximum levels and the ore left behind is of very low grade.
How much gold can I keep at home legally in India? In India, married women can store up to 500 grams of gold, unmarried women up to 250 grams, and men up to 100 grams without scrutiny.
#VantageOnFirstpost: India's central bank - the RBI - has announced that it secretly repatriated around 102 tonnes of gold stored in the Bank of England vaults. The gold, which is part of the RBI's reserves, had been pledged in London during the 1990s financial crisis. Why did the RBI decide to bring it back?
Direct Imports: Many gold traders in Kerala directly import gold from international markets, bypassing middlemen. This direct sourcing allows them to secure gold at competitive prices and pass on the benefits to consumers. Lower Tax Rates: Kerala has lower tax rates on gold compared to some other Indian states.
India imposes high import duties and GST (Goods & Services Tax) on gold, which inflates its retail price. In contrast, investment-grade gold (e.g., bars and coins) in the UK is VAT-exempt, making it relatively cheaper in certain contexts.
The Directorate of Revenue Intelligence (DRI) has taken Tarun Kondaraju, a friend of Kannada actress Ranya Rao, into custody and presented him in court on Tuesday, according to ANI. Tarun Kondaraju, who had accompanied Ranya Rao to Dubai, was arrested in connection with the gold smuggling case.
Ryder took a break from acting in the early 2000s, after the significant negative media attention brought by her arrest in 2001 for shoplifting, later returning with smaller appearances in films such as Star Trek (2009), Black Swan (2010), and The Dilemma (2011).
