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The surge was driven by ongoing central bank buying, robust Asian investment flows, resilient consumer demand, and persistent geopolitical uncertainties.
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Officials say the syndicate was involved in smuggling of 267 kg of gold worth Rs 167 crore from Sri Lanka during the last two months
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Speaking to news reporters after the raids, the BRS MLA termed the raids as politically motivated. Stating that they had cooperated with the ED, he said ED officials had realised that everything was fair with them.
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DRI has seized 1,658 kg of gold in 2023-24 fiscal, about 35 per cent more compared to a year ago.
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Rakesh identified women passengers in the flight and kept the shoulder bag he carried with him close to the handbags of the women travelers.
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The price of 22-carat gold dropped by Rs 1,900 per 10 gm, while 24-carat saw a decrease of Rs 2,080 per 10 gm. As a result, the current prices stand at Rs 65,700 for 22-carat gold and Rs 71,670 for 24-carat.
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He admitted to stealing gold and silver ornaments from Nenduguri Ramanna’s houses by breaking open doors at Kethanapalli on May 26 night.
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The seven were taken into custody while they were planning to sell the booty in Karimnagar by getting together at Swamy Charan, following a tip.
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In the previous session, it had closed at Rs 71,850 per 10 grams. Silver prices also jumped Rs 400 to Rs 83,500 per kg.
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As per market reports, the 24-carat gold was priced at Rs 71,510 per 10 grams on Wednesday, marking a notable decrease from its April 19 record rate of Rs 74,340.
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India's gold demand in value terms rose 20 per cent to Rs 75,470 crore during the quarter compared to the same period last year.
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Scores of NRIs including a significant Telugu NRIs thronged the temple, one of the oldest temples in the Gulf, to witness the grand celebrations. Scores of Telugu NRI community members living in Oman took part in the celebrations.
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As of Friday, Korea Exchange (KRX) reported a daily gold trading volume of 16.9 billion won ($12.25 million) in the country.
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India's presence in the global gold market remains prominent, with additional contributions from other central banks in February.
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On Thursday, the price of 24-carat gold soared to a record-breaking Rs 70,470 per 10 grams, marking a substantial increase of Rs 600 within a single day. This milestone represents the first time in a year that gold has breached the Rs 70,000-mark in the Hyderabad market.
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In morning trade, the gold futures contract on the MCX for June 2024 opened at Rs 69,868 per 10 gm and quickly surged to Rs 69,908 per 10 gm. This rise followed news of the precious metal reaching a high of $2,323.70 per ounce in the international market.
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On March 31, the previous day, the price of 24 carat gold per 10 grams was Rs 68,450 in Hyderabad, indicating a significant increase within a day.
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MCX gold prices in India surged to a record high of Rs 69,487 per 10 grams in opening trade, following the uptrend in the international market. As of 11:26 am, it was trading around Rs 68,828.
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According to Customs Department officials, the gold was in compound form and weighed 954 grams.
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The accused was working at the woman's house in Tahnee Heights building on Nepean Sea Road in south Mumbai for the last couple days, he said.