Gold has given positive returns of 21.84 per cent in the past one year, while returns on Silver has been 21.05 per cent, as per a report by Motilal Oswal Asset Management Company.
Gold worth over Rs 42 lakh was seized at the Telangana airport, from a person who was concealing it in the form of gold paste in his rectum, the Customs officials said on Friday.
The accused passenger was intercepted by the Customs Air Intelligence unit of Hyderabad, Rajiv Gandhi International Airport. The seized gold weighs around 685.7 grams and is worth of around Rs 42,78,768.
“Based on specific information received, an Indian male passenger who arrived from Muscat was intercepted by the Customs Air Intelligence unit of Hyderabad Customs, RGIA. The passenger was found to be carrying gold paste which was concealed in the rectum. Customs seized 685.7 grams of gold worth Rs 42,78,768,” the officials said.
Further investigation is underway in the case.
On Tuesday, Gold weighing over 1,800 grams, worth over Rs 1 crore, was seized at Hyderabad Airport from three passengers, officials said.
The seizure was made by the Air Intelligence Unit (AIU) from three male passengers.
The passengers were coming from Saudi Arabia and landed this morning.
“Based on passenger profiling, the Customs Air Intelligence unit of Hyderabad Customs has intercepted three male passengers who arrived from Riyadh by Flight No XY-325 which landed at 0725 Hrs on May 23,” an official statement said.
The officials said that on searching the passengers gold was recovered from the passengers which was concealed in their shoes in a paste form.
“Gold of total net weight 1818.98 gms valued at Rs 1,13,13,558 which was recovered from all three passengers were seized by Customs. All three passengers belong to Uttar Pradesh,” the officials said.
On May 16, in a similar incident, a passenger who arrived from Jeddah was arrested at Hyderabad Airport on Tuesday for carrying 403 grams of gold valued at more than Rs 21 lakh, Hyderabad Customs said.
“Based on specific information received, a male passenger who arrived from Jeddah by Indigo flight 6E-068 at 8:30 AM on May 16 was intercepted by Customs Air Intelligence officers of Hyderabad Customs, RGIA,” a customs official said.