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.
Citing the uncertainty in the global macro environment, the Indian rupee is likely to be under pressure, especially if crude prices remain elevated and global growth slows down.
On Thursday, the central government increased the customs duty on gold from 10.75 per cent to 15 per cent to curb gold imports.
The Indian Bureau of Mines has released provisional day which says that the cumulative growth for the period April to February 2021-22 over the corresponding period of the previous year has increased by 13.2 per cent.
Pent-up demand for gold started in 2021.
The arrested woman was allegedly a part of a racket which smuggled gold through the country's northeast border.
