NEW DELHI: The Central Bureau of Investigation (CBI) said Saturday that an internal investigation is underway into the matter of 100kg of gold in custody in Chennai disappeared. “It is clarified that CBI in case number RC-24/2012 had searched the building of Surana Corporation Limited, NSC Bose Road, Chennai, and …
Read More »103 kg of gold seized missing from CBI custody in Chennai, investigation into
It was discovered when the gold was weighed for delivery to a liquidator. The Madras High Court has ordered an investigation by the Crime and Crime Investigation Department (CBCID) into the 103,864 kg of gold missing out of the 400.47 kg seized by the Central Bureau of Investigation of Surana …
Read More »Curious case of sea throwing ‘gold’ in Kakinada of Andhra and the energetic fever
Hundreds of fishermen, including women and children, have been in a “gold rush” on the beaches of Kakinada in the Godavari district of eastern Andhra Pradesh for the past two days. Facing heavy rains and cold weather, these people, mostly from the Uppada and Suradapeta villages of the U Kothapalli …
Read More »‘Gone in 10 minutes’ – Gold, Rs 12cr worth cash looted at Odisha Cuttack
In what could be the largest theft in history in Odisha, four armed criminals looted 12 million rupees of cash and jewelry from the branch of IIFL Finance, a major non-bank finance company, on Thursday morning. in the busy town of Cuttack. Police officers said four criminals in masks and …
Read More »Why should you increase the gold allocation in your portfolio this Diwali?
Diwali is considered to be an auspicious occasion to buy gold and regardless of price, Indians buy gold. Analysts believe that investment demand will continue to rise in 2021 given the unprecedented amount of liquidity from central banks around the world. Rising covid infections also add the icing to the …
Read More »Buy gold in Dhanteras? Here’s everything you need to know about precious metal trends
Dhanteras 2020: Gold is down 11% from an all-time high of Rs 56,379, recorded in August Dhanteras 2020: Are you buying gold this Dhanteras? Usually, many consider the purchase of gold, silver and other metals, in the form of jewelry, coins or utensils, auspicious in Dhanteras. This time around, gold …
Read More »Sovereign Gold Bonds Vs Gold ETFs Vs Gold Mutual Funds: Where Should You Invest These Dhanteras?
Gold mutual funds are variable capital investments, based on units provided by the Gold Exchange Traded Fund. Many in India buy jewelery and gold coins during Dhanteras for a traditional consumer-oriented requirement. This could also remain the same this year, especially considering the fact that gold prices have risen by …
Read More »Is it time to buy gold in these Dhanteras? Analysts see price hitting Rs 67,000 / 10gm
The insatiable appetite for gold of Indian consumers, peppered with economic uncertainty over the years, has seen the yellow metal outperform equity markets over the past decade. From around 20,000 rupees per 10 grams in Dhanteras, a day considered conducive to buying gold and gold jewelry, in October 2010, gold …
Read More »‘Check the purity, the liquidity of the gold before buying this Dhanteras’
He also spoke about how MMTC-PAMP is launching innovative product offerings, including digital gold and collectible gold coins in partnership with Disney and the World Wildlife Fund (WWF), and how this strategy can help you overcome the challenge of covid-19 to the industry. How has the COVID-19 pandemic affected the …
Read More »Central banks dumping gold could make the pandemic unfavorable for the yellow metal
MUMBAI: For the first time in a decade, global central banks have gone from being net buyers of gold to sellers of precious metals The latest quarterly demand trends report from the World Gold Council (WGC) showed that central banks’ net sales they stood at 12 tons in the September …
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