BSF foils gold smuggling bid
Meanwhile, the BSF foiled a gold smuggling attempt and arrested a farmer with 1.2 kg of gold worth Rs 86,00,471 at the India-Bangladesh border.
Meanwhile, the BSF foiled a gold smuggling attempt and arrested a farmer with 1.2 kg of gold worth Rs 86,00,471 at the India-Bangladesh border.
The World Gold Council (WGC) pegged a drop of 5% in gold demand in the April – June 2024 quarter at 149.7 tonnes.
AIGJDC Chairman Saiyam Mehra said that this was a long-standing demand from the All India Gems and Jewellery Domestic Council, which represents the entire gems and jewellery industry.
The gold was stacked in the house of a person in the Koyul village near the Line of Actual Control (LAC) with China.
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Gold futures, maturing on June 5, 2024, stood at Rs 72,813 per 10 grams on the MCX, up Rs 536 or 0.74 per cent from the previous day’s close of Rs 72,277.
The risk on trade in global markets is witnessing a huge rally in equities as well as gold.
The price of gold went up on MCX on Wednesday with gold for June 5 delivery traded 0.44 per cent higher at Rs 71,652 per 10 grams at around 11:30 a.m.
In a display of sheer determination and skill, Malaysia dominated the proceedings, clinching an impressive five gold medals along with two silver and one bronze.
With the consecration, there are multiple investment avenues opened for the citizens.