The record high rupee gold prices, which negatively impacted affordability and consumer sentiment, was one of many factors that contributed to the decline in jewelry demand. There was a brief however notable impact on gold demand as a end result of the ban of 2,000 notes through the quarter. Gold recycling noticed a pointy enhance in Q in comparison with the same interval in the earlier 12 months, with a outstanding 61% enhance.


The nephews have been told to call Raju after they reached the spot on the flyover. They hid the bag with the gold in the boot space of their scooter. After that, he referred to as an unknown particular person and gave the police a clue. He confirmed the robbery will be staged on the Sirsi Circle flyover the place no cameras are installed. The entire scene of packing the jewellery within the night was captured by the cameras.

Someone Stole 20 Tola Gold From A Jewelry Retailer

The Cottonpet police solved a case of theft. The police found that he was going to sell the gold and claim the insurance. The name made on the day of the criticism was discovered by the police. They became suspicious when the technical method didn’t work and tracked the phone calls of the person and his nephew.

The Two Minor Nephews Had Been Skilled For 15 Days To Hold Out The Plan

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

One of the nephews came out of the station and took the bag with the gold into another vehicle. When he arrived at the location, he and some others acted as in the crystal rhinestones occasion that they have been in search of the robbers all over. They went to the police with the bike and filed a criticism.

India’s Q2 Gold Jewelry Consumption Dropped By 8%

The improve in recycling was most probably due to consumers cashing in on historic high gold costs. According to the World Gold Council’s Gold Demand Trends report, India’s gold demand faced a downturn within the second quarter of 2023. The complete gold consumption for the quarter was down compared to the identical interval in the previous year.

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