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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.
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In the international markets, spot gold at COMEX was trading at USD 2,177 per ounce, down USD 3 from the previous close.
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On the Multi Commodity Exchange, gold contracts for April delivery traded higher Rs 184, or 0.28 per cent, at Rs 65,590 per 10 grams in a business turnover of 17,430 lots.
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However, the silver prices declined by Rs 400 to Rs 74,500 per kg
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This surge marks only the third instance in the past year where the price of gold has surpassed Rs 62,500 per 10 grams in Hyderabad.
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Spot gold prices (24 carats) in the Delhi markets are trading at Rs 63,320 per 10 grams, up by Rs 350
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The trio had entered into a shop on Wednesday and decamped with gold ornaments at knife point after attacking the shop’s salesman
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On a complaint the police had registered a case and after identifying the offender arrested him
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Earlier in the day, Airport Commissionerate, Mumbai Customs officials seized 6.33 kg of gold worth 3.49 crore from Indian nationals across five different cases at Mumbai Airport, said customs officials.
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The accused were involved in 13 burglary cases under Patancheru and BDL Bhanur police station limits over the last year
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Bhimavaram town police, under the leadership of District SP Ravi Prakash, declared a successful operation resulting in the arrest of ten suspects linked to a significant gold smuggling ring.
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A total of 4 kgs of smuggled gold worth Rs 2.58 crore was recovered from them, he said.
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However, silver climbed Rs 450 to Rs 76,750 per kilogram. It settled at Rs 76,300 per kg in the previous trade.
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Begumpet Store Manager Sanoj said that as a part of the celebrations, the brand is introducing new designs and several offers
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Gold prices are likely to rise further on the back of weak dollar and decline in US treasury yields.
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A total of Rs 684.66 crore, including cash, liquor, gold, silver, drugs, narcotics, freebies, and other valuable items, were reportedly seized to date across Telangana ahead of the Assembly elections on November 30.
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Further investigation is on.
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Recent falls in gold prices has given a confidence to the traders of surpassing the last year’s sales figures.
