{"id":1864,"date":"2023-04-29T00:44:59","date_gmt":"2023-04-29T00:44:59","guid":{"rendered":"https:\/\/findbullionprices.com\/blog\/?p=1864"},"modified":"2023-04-29T00:45:04","modified_gmt":"2023-04-29T00:45:04","slug":"gold-smuggling-on-the-rise-throughout-asia","status":"publish","type":"post","link":"https:\/\/findbullionprices.com\/blog\/gold-smuggling-on-the-rise-throughout-asia\/","title":{"rendered":"Gold Smuggling on the Rise throughout Asia"},"content":{"rendered":"\n

Border police in India have arrested a woman attempting to smuggle gold at a border crossing. Police seized over 2 kg of gold bars from the woman as she was entering from Bangladesh.<\/p>\n\n\n\n

The 34 year old woman from the Chittagong district in Bangladesh had hidden 27 different types of gold bars in cloth and secured it around her waist.<\/p>\n\n\n\n

During her arrest the woman admitted to being paid to bring the gold across the border and had been instructed to deliver them to someone whom she did not know.<\/p>\n\n\n\n

She told officials that this was her first attempt at smuggling gold across the border and that she was to be paid \u20b9\u00a02,000, around $25 for the task.<\/p>\n\n\n\n

Reports of gold smuggling have rising sharply in recent years along the border between India and Bangladesh. A regional jewelry association from Bangladesh estimates that more than $700,000 worth of gold bullion is illegal smuggled into the country each year.<\/p>\n\n\n\n

During the three year period between 2019 and 2022, India’s Border Security Force seized over 133 kg of gold that was being smuggled through West Bengal.<\/p>\n\n\n\n