Jewellery prices are on the rise as India plans to limit gold imports to 850 tonnes this year to reduce its current-account deficit. Photo: AFPJewellery prices are on the rise as India plans to limit gold imports to 850 tonnes this year to reduce its current-account deficit. Photo: AFP
Jewellery prices are on the rise as India plans to limit gold imports to 850 tonnes this year to reduce its current-account deficit. Photo: AFP

Tax rise to spur gold smuggling in India, says trade group

Industry raises concern after central bank curbs force banks and traders to halt imports of metal

Jewellery prices are on the rise as India plans to limit gold imports to 850 tonnes this year to reduce its current-account deficit. Photo: AFPJewellery prices are on the rise as India plans to limit gold imports to 850 tonnes this year to reduce its current-account deficit. Photo: AFP
Jewellery prices are on the rise as India plans to limit gold imports to 850 tonnes this year to reduce its current-account deficit. Photo: AFP
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