Many shoppers chose to reap the benefits of historic high gold prices in order to improve the amount of recycling. According to the World Gold Council’s Gold Demand Trends report, India’s gold demand faced a downturn within the second quarter of the 12 months. The gold consumption for the quarter was down compared to the identical interval within the earlier 12 months.


The decline in jewelry demand was brought on by the excessive rupee gold costs, which negatively impacted affordability and shopper sentiment. There was a brief however notable influence on gold demand following the ban of two,000 notes. Gold recycling saw a sharp improve in Q compared to the identical interval in the previous 12 months.

The nephews had been told to call Raju after they reached the planned spot. They hid the bag with the gold within the boot area of the scooter. After that, he known as an unknown particular person and gave the police the clue. The theft shall be staged on the Sirsi Circle flyover the place there are not any cameras. The complete scene of packing the jewelry at the store within the night was captured by the cameras.

One of the nephews came out of the station and introduced the bag with the gold into one other vehicle. When he arrived at the location, he and some others acted as if they had been on the lookout for the criminals. They contacted the police together with the bike and made a grievance.

The Jeweller Faked The Robbery Of Rs Four Cr Gold To Get Insurance

A complaint was registered on the Cottonpet police station by the proprietor of a jewellery shop. He told the police that his nephew, who was carrying the jewelry home in a bag, was robbed by a bike-borne duo. From the time the gold was delivered to the store to the time it was packed, every thing was recorded. The nephew carrying the bag out of the store and leaving was recorded.

Someone Stole 20 Tola Gold From A Jewelry Store

The two minor nephews had been skilled by their uncle for 15 days to hold out the plan.

Cottonpet police solved a theft that was lodged by a metropolis jeweller. The police found that he was going to sell the gold and declare the insurance coverage. On the day of the grievance, police discovered crystal rhinestones a call on the messaging service. They became suspicious when the technical method didn’t work and tracked the phone calls made by the person and his household.