Kathmandu. Despite Indian Prime Minister Narendra Modi repeatedly urging citizens not to buy gold, its illegal import (smuggling) in India has increased unexpectedly. The latest report from the World Gold Council (WGC) shows that gold smuggling in India has allegedly increased by 1500 percent in the July-September quarter.
Citing data from the consulting firm 'Metals Focus', the WGC stated that the volume of smuggled gold entering India in the July-September quarter increased to 50 tonnes. In the same period last year, this volume was only 3 tonnes. This illegal import in July-September 2026 is the highest volume since July-September 2023.
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