Gold smuggling surges in India as price spikes before festivals
PositiveU.S News

Gold smuggling in India has surged as prices hit record highs ahead of major festivals, according to government and industry officials. This trend highlights the increasing demand for gold during festive seasons, despite the challenges posed by high prices and supply shortages. Understanding this surge is crucial as it reflects both the cultural significance of gold in Indian celebrations and the economic pressures that drive individuals to seek alternative means to acquire it.
— Curated by the World Pulse Now AI Editorial System