Gold Smuggling- What Is behind Its Acceleration

GOING by the cases of gold smuggling coming to light, it would appear that the smuggling of gold into the country is again on the rise. Several factors operate behind gold smuggling. Not that the demand for gold is generated only by the black economy, but it is true that the black economy is expanding and if it is valid to assume that a part—that too the larger part—of the income/assets generated in the black economy tends to be kept in the form of gold, the growth of the black economy itself could be a continuing source of additional demand for gold.