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In the international markets, both gold and silver were quoting lower at USD 1,906 per ounce and USD 22.55 per ounce, respectively.
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According to police, on September 3, Manmohan, a Delhi resident, approached them with a complaint saying he was cheated of Rs 35 lakh by some people who offered to sell him gold a cheap prices.
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Gold prices remained flat at Rs 60,000 per 10 grams in the national capital on Tuesday, according to HDFC Securities.
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Based on inputs, a Directorate of Revenue Intelligence (DRI) team raided the house, DRI said in a statement on Thursday.
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The passenger who arrived from Dubai by an Emirates flight concealed the gold inside a popcorn making machine.
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On the Multi Commodity Exchange, gold contracts for October delivery traded lower by Rs 95 or 0.16 per cent to Rs 58,993 per 10 grams in a business turnover of 11,994 lots.
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Gold price rose Rs 79 to Rs 59,345 per 10 grams in futures trade as speculators created fresh positions on firm spot demand.
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Luxettipet Inspector R Srinivas said two unidentified persons attempted to break open four hundials of the shrine at 2 am, but managed to steal cash and golden ornaments from a hundial.
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A 149.000-gram gold bar with 24K purity, valued at Rs 8.90 lakh, was seized.
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Gold and bonds maintain resilience even when traditional investment avenues falter
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Worried over the loss, she promptly reported the incident to a home guard named Erra Ravi, who was on duty at Kashibugga centre.
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It appears that the foreign markings on the gold were deliberately erased to camouflage the smuggled nature of the Gold.
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Analysts attributed the fall in gold prices to the trimming of positions by participants.
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Gold price on Tuesday increased Rs 131 to Rs 58,621 per 10 grams in futures trade as speculators created fresh positions on firm spot demand.
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During the examination of the said passenger, gold in the form of paste concealed in a pocket stitched separately on his underwear was found, officials said.
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Fake gold that weighs around 1.55 kg were recovered from the possession of two persons.
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On the Multi Commodity Exchange, gold contracts for October delivery traded lower by Rs 166 or 0.28 per cent to Rs 58,515 per 10 grams in a business turnover of 13,537 lots.
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The custom officials seized gold worth Rs. 14.84 lakh from him and have launched an investigation.
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Central Industrial Security Force seized 931 grams of 24 carat gold chains concealed in dry fruits packets
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The arrested was Ankuvari Shiva Kumar alias Raju (28) from Boduppal, and his associate Jamdar Narsingh was stated to be absconding.