Ranya Rao’s arrest at Bengaluru airport with 14.2 kg of gold has put the spotlight on gold smuggling and price differences between Dubai and India. Dubai’s gold markets have thrived, serving as significant centres for the collection, sale, and trade of gold. In August 2024, India’s gold imports reached a record $10.06 billion, driven by increased consumer demand ahead of the festive season. While buying gold in Dubai may be cheaper, bringing it into India is subject to specific regulations and duties: duty-free allowance, customs duties, and excess quantity. The Indian government has implemented various duties and regulations over the years to manage the economic implications of gold imports. The reduction in import duties led to a significant surge in gold imports, which contributed to a widening trade deficit, which expanded to a ten-month high of $29.65 billion in the same month, as per Reuters. The city has long been a hub for gold trading, often offering gold at prices lower than those in India.