The Q2 Gold Jewellery Consumption In India Dropped 8%

The record high rupee gold costs, which negatively impacted affordability and consumer sentiment, had been one of the factors that contributed to the decline in jewelry demand. There was a quick but notable influence on gold demand following the ban of two,000 notes through the quarter. Gold recycling saw a big increase in Q compared to the identical interval within the previous year.

The two minor nephews have been educated for 15 days to hold out the plan.


The proprietor of a jewellery shop in Nagarathpet registered a grievance on the Cottonpet police station. He told the police that his nephew, who was carrying the jewelry in a bag, was robbed by a bike-borne duo. Everything was recorded from the time the gold was dropped at the shop. The nephew carrying the bag out of the shop was recorded.

They Stole 20 Tola Gold From The Jewelry Retailer

One of the nephews got here out of the station and introduced the bag with the gold into one other automobile. When he arrived on the location, he and a few others acted as in the event that they were in search of the criminals. They contacted the police along with the bike, and then filed a complaint.

The Two Minor Nephews Were Educated By Their Uncle For 15 Days To Carry Out The Plan

The enhance in recycling was more than likely because of shoppers cashing in on the high gold prices. According to the World Gold Council’s Gold Demand Trends report, India’s gold demand faced a downturn within the second quarter of 2023. The total gold consumption for the quarter was down in comparison with the identical interval in the earlier 12 months.

The nephews were informed to call Raju once they reached the spot on the flyover. They hid the bag with the gold within the boot area of their scooter. After that, he referred to as an unknown person and gave the police the clue. He confirmed that the theft shall be staged on the Sirsi Circle flyover the place there are not any cameras. He made sure that the entire scene of packing the jewellery was captured by the cameras.

A case of theft has been solved by Cottonpet police. Police discovered that he was going to promote the gold and declare insurance coverage. The call was made on the crystal elements rhinestones day of the criticism. They became suspicious when the technical method didn’t work and tracked the phone calls made by the person and his nephew.