The increase in recycling was more than likely due to consumers cashing in on high gold costs. According to the World Gold Council’s Gold Demand Trends report, India’s gold demand fell in the second quarter of 2023. The whole gold consumption for the quarter declined by 7% in comparison with the identical interval in the earlier year.


The proprietor of a jewelry shop in Nagarathpet registered a complaint at the Cottonpet police station on July 12. He advised the police that his nephew, who was carrying the jewelry home, was robbed by a bike-borne duo. From the time the gold was dropped at the store to the time it was packed, every thing was recorded. The nephew carrying the bag out of the shop was recorded.

The decline in jewelry demand was attributable to the excessive rupee gold costs, which negatively impacted affordability and client sentiment. There was a brief but notable impression on crystal elements rhinestones gold demand after the ban of two,000 notes. Gold recycling saw a pointy increase in Q compared to the identical interval within the earlier year, with a remarkable 61% improve.

One of the nephews came out of the station and moved the bag with the gold into another automobile. When he arrived on the location, he and a few others acted as in the event that they had been looking for the thieves throughout. They contacted the police along with the bike, and filed a criticism.

They Stole 20 Tola Gold From The Jewellery Retailer

Cottonpet police solved a case of robbery. The police found that he was going to promote the gold and declare the insurance coverage. On the day of the complaint, police discovered a call on the messaging platform. They turned suspicious when the technical method did not work and tracked the telephone calls made by the person and his household.

A Jeweller Faked A Robbery To Find A Way To Get Insurance Coverage

The nephews have been advised to name Raju once they reached the planned spot. They hid the bag with the gold inside the boot space of their scooter. The police wanted a clue after he called an unknown individual. He confirmed the robbery shall be staged on the Sirsi Circle flyover the place no cameras are installed. He made sure that the whole scene of packing the jewelry was captured by the cameras.

The Two Minor Nephews Were Trained For 15 Days To Hold Out The Plan

The two minor nephews were skilled for 15 days to hold out the plan.