Despite best efforts of customs authorities, gold continues to be smuggled into the city. Jewellers say a section of the city’s jewellery market gets gold that has been ferried illegally.
"Some people may have been caught. But there could be many who have evaded authorities because a lot of gold purchased through illegal means is in the market," said Kumar Jain, vice-president of Mumbai Jewellers' Association.
Jain said the stark difference in price of “official” and “unofficial” gold is what keeps smugglers in business.