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New Delhi: The Reserve Bank of India has accelerated the repatriation of its gold reserves, bringing back over 274 tonnes since March 2023, NDTV reported. Around two-thirds of India's 880.8 tonnes of gold is now held domestically, driven by geopolitical risks and the need for greater liquidity and control, the report said. In parallel, France's central bank, Banque de France, has completed the repatriation of its gold reserves from the Federal Reserve Bank of New York within a year, bringing b ...Read More >
Gold is consolidating high again, prolonging its remarkable monster bull. Since rocketing into extreme overboughtness in mid-October, gold has largely been drifting sideways on balance. This is really defying precedent for big-and-fast drawdowns after such massive runs, for an unbelievable fourth time in this bull. How its three earlier high consolidations played out offers insights into this current one's likely behavior. In a single month into October 20th, gold soared 18.2% achieving 15 new ...Read More >
Bengaluru/T'puram: The special investigation team (SIT) probing the alleged gold theft at Sabarimala Ayyappa temple, raided a house at Nagappa Block, Srirampura, in northern Bengaluru on Saturday and recovered materials and documents in connection with the case.A senior officer from Bengaluru said a Kerala police inspector and sub-inspector led the search. A source said the house belongs to Unnikrishnan Potti, the prime accused in the case. Meanwhile, the SIT has recovered the gold Potti handed ...Read More >
KOCHI: Even as gold prices surge to record highs, Kerala's temples continue to glitter with the devotion of followers. Offerings of gold and silver pour in undeterred. At the famed Guruvayur Sree Krishna Temple, devotees drop precious metals into the hundi (offering box) in astonishing quantities -- around 20 to 25 kg of gold and 120 to 150 kg of silver every year. The October 2025 collection alone yielded 2.58 kg of gold and 9.31 kg of silver. The Sabarimala hill shrine, which opens only for ...Read More >
The Hyderabad zonal unit of the Directorate of Revenue Intelligence (DRI), on Thursday (October 16, 2025), arrested a passenger at Rajiv Gandhi International Airport (RGIA), Hyderabad, after recovering 1.8 kilograms of smuggled gold valued at ₹2.37 crore. Acting on specific intelligence, DRI officers intercepted the passenger who had arrived from Kuwait via Sharjah on Air Arabia flight G9 467. During inspection of his checked-in baggage, officials discovered five 24-carat gold bars and two cut ...Read More >
Mumbai, Oct 16 (PTI) Gold prices are at an all-time high ahead of Diwali and the wedding season, but it has not slowed down the consumer demand though many of them seem to prefer "solid bullion" rather than jewellery, traders said on Thursday. The price of the yellow metal stood at Rs 1,28,395 per 10 grams on MCX during the day. "Gold prices are increasing every day, and people are looking at this and coming in to invest. Demand for jewellery has slowed, but people are buying gold bars and coi ...Read More >
Mangaluru: Police have arrested four persons in connection with the recent gold bar robbery that took place at Car Street, Mangaluru. The incident occurred on the night of September 26, when assailants attacked a staff member of Choice Gold Jewellery and made away with a gold bar. The arrests were made on September 29. According to police, the staff member, Mustafa, was transporting a gold bar on a scooter (KA-19EZ-2079) when the accused intercepted him around 8:45 p.m. near the Sri Venkatarama ...Read More >
Mangaluru: Mangaluru City police arrested four youths and a juvenile in connection with the abduction and robbery of a gold ingot from a jewellery shop employee in the city. The crime, which took place on Sept 26, was allegedly executed in a pre-planned manner by the accused, who intercepted the victim, assaulted him, and made away with the gold.City police commissioner Sudheer Kumar Reddy stated that the accused arrested on Monday have been identified as Farish, 18, from Kotekar Post and Villag ...Read More >
Mumbai: India's top gold jewellery and bullion trading lobby has demanded regulatory intervention to make the country's largest commodity exchange and mutual funds accept Indian-refined gold and silver bars. Making Indian-refined bullion bars (India Good Delivery) acceptable by Multi-Commodity Exchange of India (MCX) and exchange-traded funds would be in line with Prime Minister Narendra Modi's "vocal for local" exhortation and would save precious foreign exchange, the India Bullion & Jewellers ...Read More >
Gold October futures prices at MCX have surged impressively by Rs 2,430 per 10 grams so far in August. However, they retreated slightly from their high today to trade at Rs 1,01,052 per 10 grams, down Rs 746 or 0.73% in intraday trade. Similarly, silver September contracts witnessed slight profit booking, trading lower by Rs 390 or 0.34% at Rs 1,14,491 per kg. On Friday, gold and silver settled on a positive note in both domestic and international markets. Gold October futures settled at Rs 1, ...Read More >
Bengaluru (Karnataka) [India], July 19 (ANI): Acting on specific intelligence, officers of the Directorate of Revenue Intelligence (DRI) Bengaluru Zonal Unit intercepted an Indian male passenger with over 4 kg of cocaine worth Rs 40 crore. The accused, who arrived from Doha, was intercepted at Bengaluru International Airport in the early hours of Friday, according to a release from Ministry of Finance. Upon careful examination of his baggage, it was observed that the passenger was carrying two ...Read More >
Barclays faced a hefty fine from Britain's financial regulator. The penalty is due to lapses in evaluating money laundering risks. These lapses occurred while serving Stunt & Co and WealthTek. Stunt & Co was linked to a major money laundering operation. Barclays did not gather enough information. The bank also failed to properly vet Stunt & Co. Britain's financial regulator fined Barclays 42 million pounds ($56.31 million) on Wednesday for failing to evaluate money laundering risks while provid ...Read More >
Bengaluru, Jul 8 (PTI) Gold ornaments and cash worth Rs 2.5 crore was seized from a man who has been arrested for allegedly cheating a jewellery shop owner in Jayanagar here, police said on Tuesday. With his arrest, police claimed to have recovered 3.16 kg of gold ornaments and Rs 8.53 lakh in cash from him. The complainant approached Jayanagar Police Station on June 13, police said. In his complaint, the jewellery shop owner stated that for the past four years, he had been giving gold bars f ...Read More >
Mumbai, (UNI) The Directorate of Revenue Intelligence (DRI), Mumbai Zonal Unit (MZU), has successfully busted a major gold extraction and refining facility involved in the illegal melting of smuggled gold, officials said here on Tuesday. Acting on a specific intelligence, DRI officers conducted searches at three related locations, leading to the recovery of substantial quantities of smuggled gold, silver, and cash. The operation resulted in the seizure of 23.92 kilograms of gold bars and melte ...Read More >
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