At least 15 kg 607 grams of gold worth an estimated 24 crore 95 lakh 56 thousand have been seized from a woman suspected of involvement in the smuggling operation along the India-Bangladesh border amid a massive gold haul in West Bengal. The BSF's prolonged vigil near the border led to a massive gold haul in West Bengal. All these items were seized from the woman in the Banpur border area of Nadia after personnel from the 32nd Battalion of the BSF. This comes after acting on a tip-off and launching a probe in the area. BSF revealed that jawans kept watch for a considerable period before noticing the woman moving suspiciously, leading to detention and search along with recovery of the gold from her possession. The BSF has valued the confiscated gold at approximately Rs 24.95 crore, marking it as one of the significant seizures recorded along the border. The woman is currently being interrogated by BSF officials as authorities work to determine how the gold arrived at the border and who its intended recipient was.&nbsp;Also read: <a href="https://www.wionews.com/india-news/pak-based-terrorist-handlers-isi-using-porn-sites-and-encrypted-apps-to-communicate-with-recruits-in-j-k-1788115668072">Pak-based terrorist handlers, ISI using porn sites and encrypted apps to communicate with ‘recruits’ in J&amp;</a>K The questioning also aims to uncover any additional individuals connected to the operation, trace the origin of the gold, and identify its final destination. Investigators are exploring whether this seizure is tied to a broader smuggling network active along the India-Bangladesh border, with the volume of the recovery prompting the BSF to consider the likelihood of an organised racket rather than a one-off incident. Meanwhile, the BSF has stepped up surveillance along the border to curb further smuggling attempts. The accused woman will subsequently be handed over to Krishnaganj Police for continued investigation and appropriate legal proceedings. &nbsp;

BSF revealed that jawans kept watch for a considerable period before noticing the woman moving suspiciously, leading to detention and search along with recovery of the gold from her possession.

At least 15 kg 607 grams of gold worth an estimated 24 crore 95 lakh 56 thousand have been seized from a woman suspected of involvement in the smuggling operation along the India-Bangladesh border amid a massive gold haul in West Bengal. The BSF's prolonged vigil near the border led to a massive gold haul in West Bengal. All these items were seized from the woman in the Banpur border area of Nadia after personnel from the 32nd Battalion of the BSF. This comes after acting on a tip-off and launching a probe in the area. BSF revealed that jawans kept watch for a considerable period before noticing the woman moving suspiciously, leading to detention and search along with recovery of the gold from her possession. The BSF has valued the confiscated gold at approximately Rs 24.95 crore, marking it as one of the significant seizures recorded along the border. The woman is currently being interrogated by BSF officials as authorities work to determine how the gold arrived at the border and who its intended recipient was. Also read: Pak-based terrorist handlers, ISI using porn sites and encrypted apps to communicate with ‘recruits’ in J&K The questioning also aims to uncover any additional individuals connected to the operation, trace the origin of the gold, and identify its final destination. Investigators are exploring whether this seizure is tied to a broader smuggling network active along the India-Bangladesh border, with the volume of the recovery prompting the BSF to consider the likelihood of an organised racket rather than a one-off incident. Meanwhile, the BSF has stepped up surveillance along the border to curb further smuggling attempts. The accused woman will subsequently be handed over to Krishnaganj Police for continued investigation and appropriate legal proceedings.

BSF revealed that jawans kept watch for a considerable period before noticing the woman moving suspiciously, leading to detention and search along with recovery of the gold from her possession.

BSF seizes 15 kg gold worth Rs 24.95 crore along India-Bangladesh border in Bengal

After Prime Minister Narendra Modi on Monday (May 11) urged citizens to avoid buying gold for a year, the government has increased the import duty on gold and other precious metals. The orders will take effect from today. The Ministry of Finance on Wednesday (May 13) under Customs Notification No. 16/2026 &nbsp;said that Gold and Silver findings will attract 5 percent duty, while platinum findings will attract a 5.4 percent duty. The effective import duty on gold and silver has now shot up from from 6 per cent to 15 per cent.&nbsp;The measure is being taken to try and bring down ​overseas purchases of the metals and ease pressure on ⁠the country’s foreign exchange reserves.<h2>What does this mean for the Indian buyers and economy?</h2>&nbsp;The higher duties could lead to lower demand of the metal in the world’s second-largest consumer of gold. On the hindsight it may help scale own India’s trade ‌deficit and support the rupee that has not been performing well in the last few months.&nbsp;Notably, India does not produce gold and most of its demands are met through imports, which are paid for in US dollars.&nbsp;In 2025-26, gold imports made up 9-10 per cent of India's total import bill. It cost the state exchequer $71.98 billion (a record) to import gold and meet domestic demand.&nbsp;But India's forex reserves have dropped due to Middle East tensions and rising crude oil prices. Also, the International Monetary Fund (IMF) IMF projects a wider current account deficit (CAD) if the war continues.&nbsp;So, the move of increasing import duty on gold and other precious metals is being seen as a pre-emptive steps to save its forex reserves.&nbsp;

The higher import duties on gold and other precious metals could lead to lower demand of the metal in the world’s second-largest consumer. This could help stabalise the ruppe that has been performing poorly over the last few months.

After Prime Minister Narendra Modi on Monday (May 11) urged citizens to avoid buying gold for a year, the government has increased the import duty on gold and other precious metals. The orders will take effect from today. The Ministry of Finance on Wednesday (May 13) under Customs Notification No. 16/2026 said that Gold and Silver findings will attract 5 percent duty, while platinum findings will attract a 5.4 percent duty. The effective import duty on gold and silver has now shot up from from 6 per cent to 15 per cent. The measure is being taken to try and bring down overseas purchases of the metals and ease pressure on ⁠the country’s foreign exchange reserves. What does this mean for the Indian buyers and economy? The higher duties could lead to lower demand of the metal in the world’s second-largest consumer of gold. On the hindsight it may help scale own India’s trade ‌deficit and support the rupee that has not been performing well in the last few months. Notably, India does not produce gold and most of its demands are met through imports, which are paid for in US dollars. In 2025-26, gold imports made up 9-10 per cent of India's total import bill. It cost the state exchequer $71.98 billion (a record) to import gold and meet domestic demand. But India's forex reserves have dropped due to Middle East tensions and rising crude oil prices. Also, the International Monetary Fund (IMF) IMF projects a wider current account deficit (CAD) if the war continues. So, the move of increasing import duty on gold and other precious metals is being seen as a pre-emptive steps to save its forex reserves.

The higher import duties on gold and other precious metals could lead to lower demand of the metal in the world’s second-largest consumer. This could help stabalise the rupee that has been performing poorly over the last few months.

India raises gold, silver import duty. What does it mean for the buyers and falling rupee?

Aiming to standardising the price of gold in India, Prime Minister Narendra Modi launched the country's first international bullion exchange on Friday.

Seeking to make it easier for small bullion dealers and jewellers to trade, the bullion exchange will facilitate a better price negotiation strength, according to India's Finance Minister Nirmala Sitharaman.

As the world's second-biggest consumer of precious metals tries to bring transparency to the market for the precious metal, India International Bullion Exchange (IIBX) will provide technology-driven solutions.

News agency Reuters quoted the exchange as saying, ''IIBX will facilitate the transition of Indian bullion market towards a more organised structure by granting qualified jewellers a direct access to import gold directly through the exchange mechanism.''

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Today is a very special day for GIFT City and India’s efforts to become a hub for FinTech and innovation. <a href="https://t.co/Ck5tV52pAr">pic.twitter.com/Ck5tV52pAr</a>
— Narendra Modi (@narendramodi) <a href="https://twitter.com/narendramodi/status/1553060809370398720?ref_src=twsrc%5Etfw">July 29, 2022</a></blockquote>
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In India's tightly regulated market, gold can be imported and sold to dealers and jewellers only by nominated banks and agencies approved by the central bank.

Currently, the world's top consumer of gold is China which runs a bourse to buy and sell all domestic production and imported gold.

Up from 430 tonnes in 2020, India imported 1,069 tonnes of gold in 2021 as per media reports.

Although no physical exchange takes place during the purchase of gold, the Multi Commodity Exchange (MCX) and National Commodity and Derivatives Exchange (NCDEX) offer gold futures contracts in India.

Gold is passed from one generation to the next in India and according to an estimate, households in the country own collective 25,000 tonnes of the precious metal.

(With inputs from agencies)

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Aiming to standardising the price of gold in India, Prime Minister Narendra Modi launched the country's first international bullion exchange on Friday. Seeking to make it easier for small bullion dealers and jewellers to trade, the bullion exchange will facilitate a better price negotiation strength, according to India's Finance Minister Nirmala Sitharaman.

Aiming to standardising the price of gold in India, Prime Minister Narendra Modi launched the country's first international bullion exchange on Friday. Seeking to make it easier for small bullion dealers and jewellers to trade, the bullion exchange will facilitate a better price negotiation strength, according to India's Finance Minister Nirmala Sitharaman. As the world's second-biggest consumer of precious metals tries to bring transparency to the market for the precious metal, India International Bullion Exchange (IIBX) will provide technology-driven solutions. News agency Reuters quoted the exchange as saying, ''IIBX will facilitate the transition of Indian bullion market towards a more organised structure by granting qualified jewellers a direct access to import gold directly through the exchange mechanism.'' Today is a very special day for GIFT City and India’s efforts to become a hub for FinTech and innovation. pic.twitter.com/Ck5tV52pAr — Narendra Modi (@narendramodi) July 29, 2022 × In India's tightly regulated market, gold can be imported and sold to dealers and jewellers only by nominated banks and agencies approved by the central bank. Currently, the world's top consumer of gold is China which runs a bourse to buy and sell all domestic production and imported gold. Up from 430 tonnes in 2020, India imported 1,069 tonnes of gold in 2021 as per media reports. Although no physical exchange takes place during the purchase of gold, the Multi Commodity Exchange (MCX) and National Commodity and Derivatives Exchange (NCDEX) offer gold futures contracts in India. Gold is passed from one generation to the next in India and according to an estimate, households in the country own collective 25,000 tonnes of the precious metal. (With inputs from agencies) Watch WION's live TV here: ×

In bid to bring transparency, India launches first international bullion exchange

In India, the gold business has been hit by coronavirus pandemic but investment in export gold has seen a massive increase. On the other hand, domestic sales of jewellery exports are not doing great. Watch report. About Channel: WION -The World is One News, examines global issues with in-depth analysis. We provide much more than the news of the day. Our aim to empower people to explore their world. With our Global headquarters in New Delhi, we bring you news on the hour, by the hour. We deliver information that is not biased. We are journalists who are neutral to the core and non-partisan when it comes to the politics of the world. People are tired of biased reportage and we stand for a globalised united world. So for us the World is truly One. Please keep discussions on this channel clean and respectful and refrain from using racist or sexist slurs as well as personal insults. Subscribe to our channel at https://goo.gl/JfY3NI Check out our website: http://www.wionews.com Connect with us on our social media handles: Facebook: https://www.facebook.com/WIONews Twitter: https://twitter.com/WIONews Follow us on Google News for latest updates Zee News:- https://bit.ly/2Ac5G60 Zee Bussiness:- https://bit.ly/36vI2xa DNA India:- https://bit.ly/2ZDuLRY WION: https://bit.ly/3gnDb5J Zee News Apps : https://bit.ly/ZeeNewsApps

India's jewellery exports plunge: Lockdown affects sales and production

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BSF seizes 15 kg gold worth Rs 24.95 crore along India-Bangladesh border in Bengal

India raises gold, silver import duty. Here's how it will impact buyers

In bid to bring transparency, India launches first international bullion exchange

India's jewellery exports plunge: Lockdown affects sales and production