Customs Seize $900,000 Gold Consignment at Indian Airport

By John Jeffay / October 06, 2020 / www.idexonline.com / Article Link

(IDEX Online) - Customs officials in India suspect smugglers after a 21kg consignment of gold was found at a domestic air cargo complex.Gold bangles disguised as silver accounted for the majority of the haul at the Rajiv Gandhi International Airport in Hyderabad (pictured) on Saturday. There were also foreign-marked gold biscuits weighing 2kg and gold jewelry.Almost all items are undocumented and uninvoiced, and have been joint valued at more than $900,000. They were destined for Mumbai.Officers at GST (Goods & Service Tax), the government body probing the find, believe those responsible were trying to evade inter-state taxes.They say smugglers usually move gold by road, and this is the first time they've uncovered a consignment despatched as domestic air freight.

Recent News

Immediate trigger for crash was new Fed Chairman pick

February 02, 2026 / www.canadianminingreport.com

Gold stocks slump on metal price decline

February 02, 2026 / www.canadianminingreport.com

Is the gold market starting to turn 'irrationally exuberant'?

January 26, 2026 / www.canadianminingreport.com

Gold stocks explode up as equity markets languish

January 26, 2026 / www.canadianminingreport.com

Gold stocks outpace flat large caps

January 19, 2026 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok