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Last Updated Saturday August 02 2014 11:58 AM IST

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India uncovers new gold smuggling route

India is scrambling to crack down on a new gold smuggling tactic that it fears could accelerate a flood of illegal imports of the precious metal into the world's second-biggest buyer.

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  • John Kerry in India

    Union Finance and Defence Minister Arun Jaitley waits for a meeting with U S Secretary of State John Kerry at North Block in New Delhi on Thursday. Photo: PTI

    John Kerry in India
  • John Kerry in India

    US Secretary of State John Kerry (L) gestures while shaking hands with Indian Minister for External Affairs Sushma Swaraj during a meeting in New Delhi July 31, 2014. Photo: AFP

    John Kerry in India
  • John Kerry in India

    US Secretary of State John Kerry gestures a traditional Indian greeting upon his arrival as Indian Ministry of External Affairs Joint Secretary Vikram Kumar Doraiswami looks on at Palam Air Base in New Delhi on July 30, 2014. Photo: AFP

    John Kerry in India
  • John Kerry in India

    U.S. Secretary of State, John Kerry, speaks with graduate student, Poonam Choudhary about her work studying algae at the Indian Institute of Technology in New Delhi. Photo: AP

    John Kerry in India
  • John Kerry in India

    U.S. Secretary of State, John Kerry, looks at a rice carving during a visit to the Central Cottage Industries Emporium in New Delhi.Photo: AP

    John Kerry in India
  • John Kerry in India

    U.S. Secretary of State John Kerry greets Kathleen Stephens, U.S. interim Ambassador to India, upon his arrival at New Delhi. Photo: AP

    John Kerry in India
  • John Kerry in India

    U.S. Secretary of State John Kerry departs his plane upon arrival at New Delhi Wednesday July 30, 2014. Photo: AP

    John Kerry in India
  • John Kerry in India

    Union Finance and Defence Minister Arun Jaitley with U.S. Secretary of State John Kerry (L) and U.S. Secretary of Commerce Penny Pritzker (C) during a meeting in New Delhi on Thursday. Photo: PTI

    John Kerry in India
  • John Kerry in India

    U.S. Secretary of State, John Kerry, looks at a carved figurine during a visit to the Central Cottage Industries Emporium in New Delhi. Photo: AP

    John Kerry in India
  • John Kerry in India

    U.S. Secretary of State, John Kerry, walks with Indian Institute of Technology (IIT) Delhi director, R.K. Shevgaonkar, at the IIT campus in New Delhi, India, Thursday, July 31, 2014. Photo:AP

    John Kerry in India