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

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

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: 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

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

Ahmedabad: The Sardar Vallabhbhai Patel Airport at Ahmedabad is fast turning into a hub for smuggling. The Directorate of Revenue Intelligence (DRI) on Sunday seized 8 kilograms of smuggled gold worth Rs 4.21 crores from a passenger arriving from Dubai. The passenger made a sensational revelation that he was supposed to deliver the smuggled consignment to an employee on duty at the airport. The DRI had arranged a watch at the airport after receiving a tip-off that a passenger arriving from Du...Read More

New Delhi: The Government of India has raised its basic import duty on gold to 12.5% from 7.5%, the government said in a notification on Friday. Import duty on gold has been thus hiked by 5%. Gold will now attract 12.5% import duty in addition to 3% GST, 2.5% agriculture cess and 0.75% of social welfare surcharge. Gold prices are expected to go up here with effective duty at 15.75% India addresses most of its gold demand through imports, which were putting pressure on the rupee which hit a re...Read More

Gandhinagar: The International Bullion Exchange (IBX) will become functional in Gujarat International Finance Tech (GIFT) city from July 2022. This exchange will become a major entry gate for the import of gold into the country. It will become the only source to import gold in India and to discover its price respecting all existing international benchmarks. Citizens of India are believed to collectively hold 22,000 tonnes of gold, which the IBX will help bring into the public domain and cu...Read More

Surat: Customs department officials have seized Rs 32 lakh worth of gold from two natives of Ankleshwar who landed at the Surat airport in a flight that had arrived from Sharjah on Sunday. The customs department had already stepped up vigil at the Surat airport after receiving verified information that two people arriving on the Sharjah-Surat flight would possess smuggled gold. The customs department officials checked the luggage of Ismail and Adil, both natives of Ankleshwar, but couldnâ€...Read More