Profit for Smuggling Gold From Dubai to India

in Business Risk, Environmental Threats

A gold smuggler who brings gold from Dubai to India is paid $16.82 for each 10 gram of gold that is smuggled. The smugglers are able to receive double the amount if they bring cash back to the gold agents in Dubai.

In 2012, an estimated 102 tonnes of gold was illegally smuggled in India to avoid duties. The amount of gold was equal to 10 percent of total gold imports.

Source:  “Yellow fever: Smuggling emerges as big business yet again,” First Post, July 25, 2013.

Previous post:

Next post: