DRI nabs passenger carrying 1.85 kg of gold paste at Hyderabad airport

23-07-2018 15:25 PM

The Directorate of Revenue Intelligence (DRI) nabbed a passenger carrying 1.850 kg of gold paste at the Hyderabad International Airport on Sunday.

The seized gold was later extracted by heating the paste using kerosene. After formulating the smuggled paste in the lab, the authorities extracted 1120.780 grams of gold which has an estimated market value of Rs 34,57,606.

The higher authorities are keen to use scientific methods to bust unique smuggling bids at the international airports amid huge smuggling international routes.
Courtesy: The Economic Times

Jewellery demand rises ahead of expected GST hike as gold prices moderate

13-12-2019 13:55 PM

With goldtrading at a nearly two-month low, jewellery demandhas jumped 20 per cent in the past couple of days, ahead of an expected goods and services tax (GST) hike. There is speculation that GSTon goldmay be...

Palladium is now more expensive than gold has ever been

13-12-2019 13:50 PM

Palladium rose for a 15th day, heading for its longest run of gains on record and exceeding the highest-ever price of gold. Spot palladium touched a record of $1,940.34 an ounce Thursday, extending its year-...

Bank of America lukewarm on gold prices in 2020

13-12-2019 13:45 PM

A goldilocks year for U.S. economic growth and inflation will create lukewarm interest in gold, according to Bank of America Merrill Lynch (BoAML). In its outlook published last week, the bank said that it is...

#MyFirstEvara - Platinum Evara’s campaign marks the rare firsts of the bride of today with its new collection inspired by Nature

13-12-2019 13:40 PM

Beyond her choice of couture, and wedding planning, the bride of today has come a long way in defining and knowing what she expects from her marriage. Armed with an education, a career and the empowering inde...

Malabar Gold and Diamonds hosts a solitaire show with Forevermark at their Showroom in Mumbai

13-12-2019 13:35 PM

Forevermark, the diamond brand from the De Beers Group will showcase a collection of over 300 diamond solitaires at the Malabar Gold & Diamonds store in Andheri, Mumbai. These beautiful solitaire pieces, start...

GIA India Shares ‘4Cs of Diamond Quality’ with Consumers of Malabar Gold and Diamonds in Hyderabad

13-12-2019 13:30 PM

GIA India organised a seminar on the “4Cs of Diamond Quality” to help customers of Malabar Gold and Diamonds gain knowledge and confidence. More than 35 diamond connoiseurs and buyers of diamond jewellery atte...