Mumbai, Feb. 10 -- The Mumbai Zonal Unit of Directorate of Revenue Intelligence (DRI) has busted a gold melting syndicate in the city, seizing 5.8 kilograms of smuggled gold worth Rs 9.22 crore and arresting two key members of the network under the Customs Act, 1962, officials said.

The operation, codenamed "Operation Gold Meltdown", was launched based on specific intelligence on the movement and processing of illicit gold in the Zaveri Bazar area. DRI officers conducted discreet surveillance and successfully traced a clandestine gold melting facility. During the operation, two individuals were intercepted, and 5.8 kg of gold was recovered from their possession.

"Under an operation codenamed "Operation Gold Meltdown", the Directorate of...