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 gold was seized in three separate cases, Customs officials said.
The 29 people arraigned as accused include those who were directly involved in carrying gold, those who bought it and those who acted as agents.
Reports of freezing Afghanistan's bank assets by the US as well as a halt of funds by the World Bank and the International Monetary Fund (IMF) have fueled concerns among Afghans.
Jain also said that the protesting jewellers will make a representation to district collectors against the gold hallmarking rules.
The forex kitty declined by USD 2.10 billion to USD 619.365 billion for the week to August 13 due to a fall in the core currency assets and gold
