So, to evade high tariffs, people got creative and were prepared to pay 'gold mules' 54,000 rupees per kilogram, about $623 - that was shortly after the tax hike. By the middle of last year, smugglers ...

Rs 7,87,100 in India today, down Rs 4,900 from Rs 7,92,000 yesterday. Meanwhile, the price of 24k of 10 grammes of gold fell Rs 490 on Saturday, from Rs 79,200 yesterday to Rs 78,710.