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Directorate of Revenue Intelligence

29 Aug 2020

DRI seizes 504 smuggled gold bars worth Rs 42 crore from New Delhi; 8 arrested

The seized gold bars are of 99.9 per cent purity and collectively weigh 83.621 kgs. The gold bars were found to be concealed in specially tailored cloth vests worn by the passengers and the carriers of the smuggled gold were reportedly travelling on a fake Aadhar card id. The 8 carriers have been arrested under the Customs Act, 1962 and remanded to judicial custody while the further investigation is in progress.

24 Feb 2020

Two women held from IGI Airport with Gold bars worth Rs 26 lakh

The gold was concealed inside the rectum of the two women in paste form. "On personal search, gold in the form of paste was recovered from their rectum.

29 Aug 2019

Kolkata: DRI seizes gold bars, cash worth Rs 3.29 crores, 3 arrested

The Directorate of Revenue Intelligence (DRI) has arrested three persons for smuggling eight kilograms of gold and cash (Rs) with a cumulative worth of Rs 3.29 crores in West Bengal capital city Kolkata.

11 Aug 2016

Air India pilot held for smuggling gold bars worth Rs 15.65 lakh

In the light of recent instance of smuggling by crew member of the airlines, high level of surveillance has been kept by airport customs staff on passengers and crew.

07 May 2016

8 temples deposit gold under gold monetisation scheme

Coming forth and supporting government's gold monetisation scheme, eight temples of the country have donated gold deposits under the scheme, the most coming from Tamil Nadu.

Tirumala Tirupati Devasthanam

30 Apr 2016

World's richest temple mulls moving 7.5 tonne gold under monetisation scheme

Tirupati temple managing body mulls moving 7.5 tonne gold under monetisation scheme

Indian Overseas Bank

25 Mar 2016

IOB starts distribution of Indian Gold Coins

State-owned Indian Overseas Bank (IOB) has become the first lender to start distribution of recently launched Indian Gold Coins (IGC)

Gold-linked bonds

19 Jun 2015

WGC welcomes govt's draft policy on sovereign gold bonds

The government's proposed policy on sovereign gold bonds would provide investment choice to consumers and integrate gold further into regulated financial sector, the World Gold Council said on Friday.

Gold-linked bonds

19 Jun 2015

Govt proposes gold-linked bonds to lower bullion imports

India is planning to issue sovereign bonds linked to the bullion price in an effort to divert some of the estimated 300 tonnes of annual demand for gold bars and coins, and reduce bullion imports that can push up the trade deficit.

03 Aug 2014

India's Q1 gold jewellery imports rise by 10%: GJEPC

Currently, the premium on gold has come down to Rs 1 per gram of gold from Rs 200 per gram in April.

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