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News
Gold bars
Gold bars News
Directorate of Revenue Intelligence
29 Aug 2020
DRI seizes 504 smuggled gold bars worth Rs 42 crore from New Delhi; 8 arrested
The seized gold bars are of 99.9 per cent purity and collectively weigh 83.621 kgs. The gold bars were found to be concealed in specially tailored cloth vests worn by the passengers and the carriers of the smuggled gold were reportedly travelling on a fake Aadhar card id. The 8 carriers have been arrested under the Customs Act, 1962 and remanded to judicial custody while the further investigation is in progress.
IGI Airport
24 Feb 2020
Two women held from IGI Airport with Gold bars worth Rs 26 lakh
The gold was concealed inside the rectum of the two women in paste form. "On personal search, gold in the form of paste was recovered from their rectum.
DRI
29 Aug 2019
Kolkata: DRI seizes gold bars, cash worth Rs 3.29 crores, 3 arrested
The Directorate of Revenue Intelligence (DRI) has arrested three persons for smuggling eight kilograms of gold and cash (Rs) with a cumulative worth of Rs 3.29 crores in West Bengal capital city Kolkata.
Air India
11 Aug 2016
Air India pilot held for smuggling gold bars worth Rs 15.65 lakh
In the light of recent instance of smuggling by crew member of the airlines, high level of surveillance has been kept by airport customs staff on passengers and crew.
Gold
07 May 2016
8 temples deposit gold under gold monetisation scheme
Coming forth and supporting government's gold monetisation scheme, eight temples of the country have donated gold deposits under the scheme, the most coming from Tamil Nadu.
Tirumala Tirupati Devasthanam
30 Apr 2016
World's richest temple mulls moving 7.5 tonne gold under monetisation scheme
Tirupati temple managing body mulls moving 7.5 tonne gold under monetisation scheme
Indian Overseas Bank
25 Mar 2016
IOB starts distribution of Indian Gold Coins
State-owned Indian Overseas Bank (IOB) has become the first lender to start distribution of recently launched Indian Gold Coins (IGC)
Gold-linked bonds
19 Jun 2015
WGC welcomes govt's draft policy on sovereign gold bonds
The government's proposed policy on sovereign gold bonds would provide investment choice to consumers and integrate gold further into regulated financial sector, the World Gold Council said on Friday.
Gold-linked bonds
19 Jun 2015
Govt proposes gold-linked bonds to lower bullion imports
India is planning to issue sovereign bonds linked to the bullion price in an effort to divert some of the estimated 300 tonnes of annual demand for gold bars and coins, and reduce bullion imports that can push up the trade deficit.
Gold
03 Aug 2014
India's Q1 gold jewellery imports rise by 10%: GJEPC
Currently, the premium on gold has come down to Rs 1 per gram of gold from Rs 200 per gram in April.
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