Gold replaces narcotics as the most valued smuggled item in India

``Revenue authorities seized gold worth Rs 598 million during April-June quarter this fiscal, an increase of nearly 365% in comparison with the same quarter last year. Much more alarming is the fact that only roughly 5% to 10% of the smuggled gold is caught by authorities. The recent data released by the Department of Revenue Intelligence indicates that occurrences of gold smuggling are mounting. Smuggled gold pours into the country mainly from Dubai, Bangkok and Singapore. Increased number of incidents was reported on smuggling across land borders with Nepal and Bangladesh during the quarter. ''