The Jeweller Faked The Theft Of Rs 4 Cr Gold To Get Insurance

The decline in jewelry demand was attributable to the report excessive rupee gold costs, which negatively impacted affordability and shopper sentiment. There was a quick however notable impression on crystal elements rhinestones gold demand following the ban of two,000 notes. Gold recycling noticed a pointy improve in Q in comparison with the same interval in the previous yr, with a remarkable 61% enhance.


One of the nephews got here out of the station and moved the bag with the gold into another car. When he arrived at the location, he and a few others acted as in the occasion that they have been looking for the criminals throughout. They contacted the police along with the bike and filed a grievance.

Someone Stole 20 Tola Gold From A Jewellery Retailer

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

The proprietor of a jewellery store in Nagarathpet registered a criticism at the Cottonpet police station on July 12. He advised the police that his nephew, who was carrying the jewelry house in a bag, was robbed by a bike-borne duo. From the time the gold was brought to the store to the time it was packed, everything was recorded. He made positive that the nephews’ act of leaving the store and carrying the bag was recorded.

Cottonpet police solved a robbery that was lodged by a metropolis jeweller. Police discovered that he was going to promote gold and declare insurance. On the day of the criticism, police found a call on the messaging platform. They became suspicious when the technical approach did not work and tracked the phone calls made by the person and his family.

They Stole 20 Tola Gold From The Jewelry Retailer

The nephews have been advised to call Raju as they reached the planned spot on the flyover. They hid the bag with the gold within the boot house of their scooter earlier than he arrived. After that, he referred to as an unknown particular person and gave the police a clue. He confirmed the robbery shall be staged on the Sirsi Circle flyover where no cameras are installed. He made positive that the whole scene of packing the jewellery was captured by the cameras.

The enhance in recycling was most probably because of customers cashing in on the excessive gold prices. According to the World Gold Council’s Gold Demand Trends report, India’s gold demand fell in the second quarter of 2023. The gold consumption for the quarter was down compared to the identical period within the earlier 12 months.