The government on Tuesday announced to discontinue the medium term and long term government deposit (MLTGD) components of the Gold Monetisation Scheme (GMS), effective from March 26.
Chhattisgarh has emerged as a trailblazer in mineral sector governance under the leadership of Chief Minister Vishnu Deo Sai, combining transparency, innovation, and sustainability to drive unprecedented economic growth.
Chief Economic Advisor V Anantha Nageswaran said on Monday that gold will remain relevant for investors as a portfolio diversification mechanism with a "likely ascending importance" as an asset class in the coming years.
Three people, including two Thailand nationals, were apprehended in two separate cases of smuggling of gold and drugs at Indira Gandhi International Airport (IGIA), Customs officials said on Thursday.
Kept under lock and key in the treasury of the Karnataka government, housed in the Vidhan Soudha, Jayalalithaa’s properties were decreed to belong to the Tamil Nadu government by the Karnataka High Court in a judgment made last month.
The customs on Wednesday detained two passengers travelling on Turkmenistan Airlines from Turkmenistan to Delhi for carrying gold weighing 538 gm and other undocumented items.
Meanwhile, the BSF foiled a gold smuggling attempt and arrested a farmer with 1.2 kg of gold worth Rs 86,00,471 at the India-Bangladesh border.
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.
