Ahmedabad: About 100 kg of gold is being smuggled into Ahmedabad every day to match the unabated demands of the Indian consumers. In rupee terms, 100 kg of gold (as on September 7) costs about Rs. 31.10 crore, which effectively means Gujarat is consuming about Rs. 930 crore worth of smuggled gold every month. Stringent import duties levied by Reserve Bank of India (RBI) had curtailed gold imports at the city airport to a mere 174 kg but in the process, has spurred smuggling of the yellow metal. ...........
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