Gold import duty

A sharp rise in India's gold import duty has reignited the debate around gold smuggling. Finance influencer CA Sarthak Ahuja explains how the price gap between Dubai and India can create an arbitrage opportunity of nearly ₹24,000 per 10 grams. While higher duties aim to reduce imports and protect foreign exchange reserves, experts argue they may be encouraging illegal gold inflows, resulting in massive revenue losses and increased hawala transactions