New Delhi, March 15 -- The Directorate of Revenue Intelligence (DRI) has cracked down on an organised gold smuggling and illegal melting racket operating in Delhi and Kolkata. As per the Ministry of Finance, gold, silver and cash worth Rs 14.13 crore were seized in the crackdown, along with six persons being arrested.

"DRI has unearthed an organised syndicate involved in the smuggling of foreign-origin gold into India, its transportation through rail route, melting and defacing at illegal facilities, and clandestine sale in the domestic market. The operation resulted in seizure of gold, silver and Indian currency collectively valued at over Rs 14.13 crore and the arrest of six persons," the ministry said.

In total, 8286.81 grams of gold...