US Passenger Caught Hiding 115 Smuggled Gold Bars in Belt at Delhi Airport The recent interception of a US passenger attempting to smuggle 115 gold bars into India via Delhi airport's Indira Gandhi International Airport has raised questions about the audacity and desperation of those involved in the lucrative but increasingly perilous trade.
The incident is just one example of the ongoing problem of gold smuggling into India. Customs duties on gold have increased from 6% to 15%, making it more expensive for Indian consumers.
This hike in costs has created an attractive proposition for smugglers looking to make a quick profit.