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With seizures up, Indian gold smuggling loses its shine

Gold smuggling into India, the world’s second-biggest consumer of the precious metal, is becoming more risky for couriers following a surge in seizures and less profitable for the gangs behind the practice.   After being caught off guard by a ...

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Tops Indian banks ponder over proposed ‘Gold Deposit Account’ scheme

The bullion industry in India has made a presentation to the top banks in the country on the proposal to open ‘ gold accounts’. These accounts would be similar to fixed deposit account. Retail customers could open the account by depositing quantities ...

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