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Wigs, Davidoff coffee and a 6-8% pay day: Inside India's gold smuggling boom

in5points
  1. Higher import duties have made gold smuggling highly profitable.

  2. Smugglers use items like wigs and Davidoff coffee to conceal gold.

  3. Smugglers earn a commission of 6-8% per delivery.

  4. Gold is smuggled from Dubai's Gold Souk to India's bullion market.

  5. The trade is described as a thriving underground economy.