India’s Q2 Gold Jewelry Consumption Fell 8%

As instructed, the nephews carrying the bag reached the planned spot on the flyover and called Raju. They hid the bag with the gold in the boot house of the scooter. After that, he referred to as an unknown individual and gave the police a clue. The robbery might be staged on the Sirsi Circle flyover the place no cameras are put in. He made certain that the complete scene of packing the jewelry on the shop in the night was captured by the cameras.


The decline in jewelry demand was caused by the report excessive rupee gold costs, which negatively impacted affordability and client sentiment. There was a brief but notable influence on gold silver jewellery for women demand following the ban of 2,000 notes. Gold recycling saw a major enhance in Q compared to the identical interval in the previous 12 months.

They Stole 20 Tola Gold From The Jewelry Store

The two minor nephews were skilled for 15 days to carry out the plan.

The improve in recycling was most likely as a outcome of shoppers cashing in on historic excessive gold prices. According to the World Gold Council’s Gold Demand Trends report, India’s gold demand confronted a downturn within the second quarter of the 12 months. The total gold consumption for the quarter declined by 7% in comparison with the same interval in the previous year.

After Raids On Haryana Congress, Luxury Vehicles, Jewellery, And Money Were Seized

One of the nephews came out of the station and took the bag with the gold into one other automotive. When he arrived at the location, he and some others acted as in the event that they were looking for the criminals. They contacted the police together with the bike, after which filed a complaint.

The proprietor of a jewelry shop in Nagarathpet registered a complaint at the Cottonpet police station. He informed the police that his nephew, who was carrying the jewellery in a bag, was robbed by a bike-borne duo. Everything was recorded after the gold was delivered to the store. He made certain that the nephews act of leaving the shop was recorded.

A Jeweller Faked A Theft Of Rs Four Cr Gold To Claim Insurance

The Cottonpet police solved a case of robbery. Police found that he was going to sell the gold and claim insurance coverage. On the day of the complaint, police discovered a call on the messaging platform. They grew to become suspicious when the technical approach didn’t work and tracked the phone calls made by the person and his nephew.