Thiruvananthapuram: In the past 48 hours, Customs enforcers seized more than 2 kg of contraband gold from suspected couriers who landed at the international airport here.
Investigators said the unusually high number of seizures this month indicated a steep increase in gold smuggling prior to the Diwali and Christmas-New Year shopping season. The domestic demand for gold ornaments traditionally peaked during the season.
The resurgence in gold smuggling has been matched by a corresponding decline in legal gold imports. In Thiruvananthapuram airport alone, gold imports have dipped from 100 kg to mere 17 kg in the past one year. The trend was the same in Nedumbassery and Kozhikode.
21/09/14 G Anand/The Hindu
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Investigators said the unusually high number of seizures this month indicated a steep increase in gold smuggling prior to the Diwali and Christmas-New Year shopping season. The domestic demand for gold ornaments traditionally peaked during the season.
The resurgence in gold smuggling has been matched by a corresponding decline in legal gold imports. In Thiruvananthapuram airport alone, gold imports have dipped from 100 kg to mere 17 kg in the past one year. The trend was the same in Nedumbassery and Kozhikode.
21/09/14 G Anand/The Hindu
