"gold"

Two Hyderabad athletes - Avik Neogi and Subhamitra Chatterjee - have been selected to represent India in the World Masters Games in Taipei from May 17 to 30

Expanding on the success of India’s first real-time Gold ATM launched in 2022, this next-generation machine is equipped with cutting-edge features that revolutionize gold transactions. A standout addition is its integrated Augmented Reality (AR) capability, which lets users virtually try on jewellery before purchasing, making the shopping experience more interactive and immersive.

The arrested are Kamble Srinu (32), Md Mahboob (36), Vemula Srinu (45), and Kamble Vikas (22), all residents of Afzalsagar, Mallepally. Three of their associates, Vijay, Karan and Saddam are absconding.

According to the police, a person who introduced himself as Stephen called a gold trader Chandrasekhar, of Narsingi and Rafi, who is into foreign currency exchange business over phone and informed that he was to purchase gold and exchange foreign currency.

"The sharp rise in gold prices has made it difficult for us to find work, such as molding gold ornaments. People are purchasing smaller quantities of gold for weddings and other social events compared to before, which is impacting our livelihood," said Ramesh Mutthoju, president of the Mancherial District Goldsmiths Welfare Association, in a statement to Telangana Today.

Hard to resist is the lure of gold. Whether as an embellishment to show off or quietly tuck away as investment, the precious metal happens to be the choice of most.

Actress Ranya Rao wore most of the gold without giving any room for suspicion and carried gold bars hidden in clothes. At the airport, she would claim to be DGP’s daughter and would call the police personnel who used to drop her home.

Inamul Hussain (30), a resident of Rajasthan, contacted Abdullah Ibrahim, a businessman from Filmnagar, over the phone. He claimed to have eight kilograms of gold and expressed his intention to sell it in bulk for Rs 6 crore, citing personal issues as the reason.

The theft was discovered when the family members returned to find their property missing and reported the incident to the Filmnagar police. The family had been away at the time of the crime.

Global demand for precious metals has surged significantly in 2024. Central banks around the world, including those in emerging markets, have maintained their status as net buyers of gold for over a decade. This year alone, they collectively acquired over 500 tonnes of gold, highlighting their efforts to diversify reserves in response to ongoing economic uncertainties, according to the report.

Twelve persons were on Sunday arrested for allegedly decamping with golden ornaments weighing 44 tolas and liquid cash Rs 15 lakh from a doctor's house in the town on November 30. Police seized 35 tolas of gold and the cash Rs 15.50 lakh were recovered from them.

He pointed out that farmers have been unable to sell their paddy at procurement centers, despite bringing their produce there two months ago. He also questioned the state government's failure to manage the procurement process, especially when the union government fully funds paddy procurement and provides a minimum support price (MSP) of Rs. 2,320 per quintal.

The India Bullion and Jewellers Association Ltd (IBJA) reports that 24-carat gold is priced at Rs 76,570 per 10 grams, 22-carat at Rs 74,720, 20-carat at Rs 68,130, and 18-carat at Rs 62,201 per 10 grams.

On Thursday, the precious metal with 99.9% purity remained steady at its all-time high of Rs 82,400 per 10 grams. Meanwhile, silver faced selling pressure, falling below the Rs 95,000 mark with a decline of Rs 4,600, bringing its price down to Rs 94,900 per kg, down from Rs 99,500 per kg at the previous close.

Silver has recently delivered strong performance, rising over 40% year-to-date and surpassing ₹100,000 domestically, driven by safe-haven buying and solid industrial demand, according to a report by Motilal Oswal Financial Services Ltd (MOFSL).

The Moneyview survey revealed that over 85% of the 3,000 respondents regard gold as a valuable asset for wealth preservation, citing its intrinsic value and historical performance as key factors influencing consumer confidence.

Gold prices saw a slight increase on Saturday, with the cost of 24-carat gold reaching Rs 7,785.3 per gram in morning trading, reflecting a rise of Rs 120. Meanwhile, 22-carat gold was priced at Rs 7,138.3 per gram, up by Rs 110 compared to Friday.

On the Multi Commodity Exchange, October gold contracts rose by Rs 87, or 0.12%, to Rs 69,982 per 10 grams, with a turnover of 17,282 lots. Analysts noted that the price increase was driven by new positions taken by participants.

Salesman in a jewellery store in Secunderabad turned out to be the prime suspect, who planned and implemented the Clock Tower gold heist along with his accomplices.

According to the police, the jeweler accompanied by his salesman, was travelling to their shop at Monda Market in Secunderabad.