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 World Gold Council (WGC) pegged a drop of 5% in gold demand in the April – June 2024 quarter at 149.7 tonnes.
AIGJDC Chairman Saiyam Mehra said that this was a long-standing demand from the All India Gems and Jewellery Domestic Council, which represents the entire gems and jewellery industry.
The gold was stacked in the house of a person in the Koyul village near the Line of Actual Control (LAC) with China.
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The licence for the block has been given to Ratlam's Syed Owais Ali firm.
