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.
Looking ahead, the World Gold Council report said that central banks will need to balance financial and geopolitical uncertainty with a potentially strong pickup in global growth.
In the international market, gold was trading lower at USD 1,893 per ounce and silver was flat at USD 27.79 per ounce.
The April contract of gold futures on the MCX was at Rs 44,458 per 10 gram.
It noted with regard to valuable articles that “it was of no use to keep such articles in police custody for years till the trial was over”.
The dollar index, which gauges the greenback's strength against a basket of six currencies.
