Articles tagged under: Gold

Gold Breaches ₹1 Lakh Mark on MCX Amid Escalating Middle East Tensions; Silver Also Gains

June 13, 2025
Gold Breaches ₹1 Lakh Mark on MCX Amid Escalating Middle East Tensions; Silver Also Gains

Ahmedabad: Gold prices on the Multi Commodity Exchange (MCX) surged past the ₹1 lakh mark per 10 grams for the first time on Friday, driven by escalating geopolitical tensions in the Middle East that spurred strong demand for safe-haven assets. Silver prices also opened higher in early trading. MCX gold opened at ₹99,500 per 10 grams, registering a jump of ₹1,108 or 1.12% from Thursday’s close of ₹98,392. The price soon climbed to ₹1,00,403, crossing the crucial psychological barrie...Read More

Gujarat’s First Gold ATM Offering Real-Time London Bullion Market Priced Gold, Open 24/7 in Surat

April 27, 2025

Surat: The city of Surat witnessed the launch of Gujarat's first Gold ATM. This unique machine, installed by D Khushalbhai Jewelers, stands out as it offers gold at real-time prices based on the London Bullion Market. This allows customers to purchase gold coins with pricing directly reflecting the global market. The ATM provides 24/7 avenue for buying gold. It dispenses gold coins in various denominations, ranging from 0.5 grams to 20 grams. Additionally, the machine allows for the purchase ...Read More

Over 90 kg gold recovered from a flat in Paldi area by Gujarat ATS and DRI Ahmedabad

March 17, 2025
Over 90 kg gold recovered from a flat in Paldi area by Gujarat ATS and DRI Ahmedabad

Ahmedabad: Based on an intelligence report about smuggled gold, the Gujarat Anti-Terrorism Squad (ATS) and the Directorate of Revenue Intelligence (DRI), in a joint operation, carried out a raid on a locked apartment in Paldi on Monday evening. The search led to the recovery of 87.92 kilograms of gold bars, valued at around ₹80 crores. The majority of the gold bars bear foreign markings, indicating that they were smuggled into India. The operation also uncovered (i) 11 luxury watches, inclu...Read More

Two Thai AirAsia Passengers Arrested with ₹1.29 Crore Gold at Ahmedabad Airport

March 13, 2025
Two Thai AirAsia Passengers Arrested with ₹1.29 Crore Gold at Ahmedabad Airport

Ahmedabad: Two passengers were apprehended at Ahmedabad Airport on Tuesday morning at 9:43 AM for attempting to smuggle gold worth ₹1.29 crore. They arrived on Thai AirAsia flight FD 144 from Bangkok. The individuals concealed the gold by mixing it with chemicals and molding it into a paste-like form, which was then stuffed into plastic sticks. These sticks were then strapped around their waists under their jeans in an attempt to bypass security. Customs officials seized a total of 1,450.43 ...Read More

GSI surveys in Gujarat for minerals, including gold, yield no positive outcome

November 27, 2024
GSI surveys in Gujarat for minerals, including gold, yield no positive outcome

New Delhi: During the past four years, the Geological Survey of India (GSI) has undertaken four G4 exploration projects in Dahod and its adjoining areas. These projects focused on minerals such as graphite, base metals, gold, rare earth elements, and rare metals. However, despite these efforts, no mineral resources have been established in the region so far. This information was provided by the Minister of Coal and Mines, G. Kishan Reddy, in the Lok Sabha in reply to a question by MP Jaswants...Read More

Rs. 50 lakh worth gold found from dustbin of Ahmedabad airport

September 18, 2024
Rs. 50 lakh worth gold found from dustbin of Ahmedabad airport

Ahmedabad: Gold worth Rs. 50 lakh was found from a dustbin of Ahmedabad airport's washroom. On Ganesh Chaturthi morning, a sweeper Dinesh found 750 pure gold paste from a dustbin and handed over it to the officials.  It is prima facie believed that Gold paste was meant for smuggling, but it was dropped in dustbin due to fear or for any other reason. Customs officials checked CCTV footage in attempt to identify the personw how could have dumped the Gold in dustbin. DeshGujaratRead More

Unidentified devotee donates 1 kg gold secretly at Ambaji mandir

September 03, 2024
Unidentified devotee donates 1 kg gold secretly at Ambaji mandir

Ambaji: An unidentified devotee donated one kg gold to Ambaji mandir wrapped in Mataji's chundadi secretly. The temple trust found 10 gold biscuits from donation box. Each biscuit was 100 gram. The total value of this secretly donated gold is around Rs. 75 lakh. Ambaji trust receives gold as donation in last few years for golden conversion of various portions of mandir. The shikhara portion is already converted golden with outer coating of real gold. DeshGujaratRead More

DRI nabs four from Ahmedabad airport, hotel with smuggled gold worth Rs. 1.50 crore

August 20, 2024
DRI nabs four from Ahmedabad airport, hotel with smuggled gold worth Rs. 1.50 crore

Ahmedabad: Directorate of Revenue Intelligence(DRI) has recovered Rs. 1.50 crore worth smuggled gold from four persons including two women passengers at Ahmedabad's SVPI airport. Two women passengers from Abu Dhabi - Murtaza Ali Bhopalwala and Farida Bhopalwala had carried gold in the form of paste filled in capsules in their private parts of body. Gold was given to them by one Aziz in Abu Dbahi. It was to be handed over to Dilmir Alim Saiyed Pirzada in Ahmedabad. Aziz had given Pirzada's con...Read More

Surat gets a 50 kg duty-free gold vault for jewelry exporters

April 15, 2023
Surat gets a 50 kg duty-free gold vault for jewelry exporters

Surat: The sale of duty-free gold for jewellery exporters at a newly set up gold distribution centre in SBI's main branch in Chowk Bazar has begun in Surat for the first time in Gujarat through the State Bank of India(SBI), on-demand from the Surat Jewellery Manufacturer Association (SJMA). So far the majority of over 450 jewellery-making units were purchasing duty-free gold from Mumbai. Now a set up of a 50 kg gold vault will give a level-playing field for local jewellery exporters with exporte...Read More

IIBX at GIFT City: Get Gold delivered within 4 hours after custom clearance in Ahmedabad

August 02, 2022
IIBX at GIFT City: Get Gold delivered within 4 hours after custom clearance in Ahmedabad

Gandhinagar: India’s first International Bullion Exchange (IIBX) and NSE IFSC-SGX was launched by Prime Minister Narendra Modi on 29 July 2022 at GIFT City. This will facilitate ease of Bullion Trading and Futures trading. To add, it is an important step towards establishing India as a major player on the Global Gold Market. Managing Director and CEO of IIBX Mr. Ashok Gautam said, “Three gold vaults have been constructed in Gujarat due to IIBX. This will enable qualified jewellers to avai...Read More