Overview
- In an intelligence‑led crackdown dubbed Operation Gold Meltdown, DRI Mumbai traced an illicit melting facility in South Mumbai’s Zaveri Bazaar.
- Officers intercepted two individuals during the operation and recovered about 5.8 kg of foreign‑origin gold valued at roughly ₹9.22 crore.
- A follow‑up search uncovered melting and casting equipment, record books of smuggled gold transactions, foreign bullion marking dies, and currency notes used as tokens.
- The two arrested suspects were detained under provisions of the Customs Act, and their questioning led to the recovery of the gold.
- DRI said inquiries are continuing to identify the broader network involved in moving, processing, and distributing the smuggled metal.