The Jewelry Store Was Robbed Of 20 Tola Gold

One of the nephews got here out of the station and moved the bag with the gold into one other car. When he arrived at the location with a quantity of others, he acted as in the occasion that they were on the lookout for the criminals throughout. They contacted the police together with the bike, and filed a criticism.

The proprietor of a jewelry store in Nagarathpet registered a criticism on the Cottonpet police station on July 12. He informed the police that his nephew, who was carrying the jewelry in a bag, was robbed by a bike-borne duo. Everything was recorded from the time the gold was brought to the store. The nephew carrying the bag out of the store and leaving was recorded.


The nephews have been told to name Raju once they reached the spot on the flyover. They hid the bag with the gold within the boot house of their scooter before he arrived. After that, he known as an unknown individual and gave the police the clue they have been looking for. He confirmed that the theft shall be staged on the Sirsi Circle flyover the place no cameras are put in. The complete scene of packing the jewelry at the store in the evening was captured by the cameras.

India’s Q2 Gold Jewelry Consumption Dropped By 8%

Cottonpet police solved a robbery that was lodged by a metropolis jeweller. Police came upon that he was going to sell the gold and claim the insurance coverage. The name made on the day of the complaint silver jewellery for women was discovered by police. They became suspicious when the technical approach did not work and tracked the phone calls made by the man and his nephew.

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

The increase in recycling was more than likely as a result of customers cashing in on the high gold prices. According to the World Gold Council’s Gold Demand Trends report, India’s gold demand faced a big downturn within the second quarter of 2023. The complete gold consumption for the quarter declined by 7% in comparison with the same interval in the earlier yr.

After Raids On Haryana Congress, Luxurious Automobiles, Jewelry And Money Had Been Seized

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

The report excessive rupee gold costs, which negatively impacted affordability and client sentiment, was one of many elements that contributed to the decline in jewellery demand. There was a short but notable impact on gold demand following the ban of two,000 notes through the quarter. Compared to the same interval within the earlier 12 months, gold recycling noticed a pointy increase in Q, with a remarkable 61% enhance.