54 kg of gold worth Rs 41 crore, Rs 10 crore in cash seized from abandoned vehicle in MP
The seizure was made in the wee hours of Friday on a tip-off.
The seizure was made in the wee hours of Friday on a tip-off.
It said that the gold prices are up 28% in USD till November-end.
Delhi customs have seized about 440 grams of gold from three passengers at the Indira Gandhi International Airport.
As the prices of gold and silver continue to rise amid geo-political tensions, ace global investor Jim Rogers has an advice for people: stay invested in precious metals and nothing can teach us better about bullion than Indian women.
According to Delhi Customs, on the basis of intelligence developed by the Air Intelligence Unit (AIU), a passenger arriving from Jeddah (Saudi Arabia) to Delhi via Kuwait was intercepted after crossing the Green Channel of Customs.
The raid was carried out on Saturday. The city police said that the businessman, Sailesh Pande's two bank deposits of Rs 20 crore have been frozen.
Hashika Ramachandra anchored the Karnataka 4x200m Freestyle Relay team to victory to climb the podium at the Sardar Patel Aquatics Complex here for the fourth time in the 36th National Games.
The recovered gold and cigarettes of foreign brands has been seized under section 110 of Customs Act and further investigation is being carried on.
Weak global trend led to fall in gold and silver prices hitting two months low. The 22 carat gold price per 10 gram today in Delhi, Kolkata and Mumbai stood at Rs 47,000 while in Chennai it went down to Rs 47,540.
Prices of the yellow metal in international markets have declined by around USD 100 per ounce to USD 1,700 so far in July, data showed. In India, the prices declined by around Rs 1,800-2,000 towards Rs 50,000 per 10 gm during the same period.
