Customs officials have taken a man into custody from Chennai airport who was illegally carrying gold of about Rs 40 lakh in his rectum. Reportedly, the man boarded from Dubai airport and was traveling with four bundles of gold paste while the extracted gold weighed 810 gm. According to the authorities, a man and woman can only carry gold worth up to Rs 1,00,000 and Rs 50,000 respectively.
Courtesy: India TV
Following a surge in the gold prices, it has been put on discount throughout the week for the first time in a month. On July 16, gold was trading at Rs 48,300 per 10 grams. The discount for this week was up to $5 for an ounce over domestic prices, including 10.75% on imports and 3% on sales levies. Besides, India marks as the second biggest bullion consumer after China.
Serendipity 3, a restaurant in New York’s Manhattan sells the world's most expensive French fries. Along with the regular crisped potatoes and other ingredients, it features 23k edible gold dust. The French fries is priced at $200 and have been innovatively prepared by Joe Calderone, creative chef, and Fredrick Schoen-Kiewert, Corporate Executive Chef. Besides, it is served on a Baccarat crystal Arabesque Plate with Mornay Sauce.
Courtesy: Guinness World Records
Internet sensation and chef Nusret Gokce, fondly known as 'Salt Bae' is all set to launch his new restaurant, the Nusr-Et, in London with 24-carat gold tomahawk steak on the menu. Reportedly, the food item’s cost is fixed at £700 and would be one of the star attractions of the restaurant. The eatery will be open to the public from May 17 after several delays due to the pandemic.
Jewellery maker Pandora has taken a sustainable approach by switching from mined diamonds to lab-made diamonds, the company announced on May 3. The synthetic diamonds would be used in all future designs, and Pandora would release a line of rings, bangles, and earrings. Initial release of the products would be in Britain, followed by other markets. The company would also be using recycled gold and silver from 2025.
Courtesy: New York Times
According to Commerce Ministry data, gold imports during 2020-21 increased by 22.58% to $34.6 billion (around Rs 2.54 lakh crore) in India. While the surge was attributed to the increased domestic demand, silver imports decreased by 71%. Moreover, the trade deficit decreased by $98.56 billion and gems and jewellery exports decreased by 27.5%. Reportedly, the demand of gold will further increase due to Akshaya Tritiya and marriage season ahead… read-more
Courtesy: Financial Express
To ensure purity standards, the Centre is eyeing to implement mandatory hallmarking of gold jewellery from June 1. After implementation, jewellers will be required to register themselves with the Bureau of Indian Standards. Earlier, in November 2019, the government had announced to mandate BIS mark from January 15, 2021 which was deferred citing the pandemic. Now jewellers will be allowed to sell only 14, 18 and 22 carats of gold.
Courtesy: The Economic Times
The Customs Department at Mangaluru International Airport have arrested three people and confiscated 2.8 Kg of gold worth Rs 1.3 crore, on April 7. Accused Muhamad Ashraf had hidden gold under his feet, while Rajeesh had concealed gold under his large intestine, as four capsules in compound form. Reportedly, Muhamad Kalanad an another smuggler who was arrested by the security officials through the intelligence agency inputs.
Both men's and women's team from India, on March 21, clinched gold in the 10m air pistol competitions at the International Shooting Sport Federation (ISSF) World Cup, Delhi. The women's squad involving Yashaswini Singh Deswal, Manu Bhaker and Shri Nivetha outplayed Poland's team with 16 shots. Relatedly, the men's trio comprised of Youth Olympics and Asian Games champion Saurabh Chaudhary, Abhishek Verma and Shahzar Rizvi secured a 17 against… read-more
Courtesy: Hindustan Times
Owing to the widespread popularity of Mysore silks and Mysore sandalwood soaps, Karnataka government has decided to boost the brand name by producing gold coins & jewellery. Reportedly, the jewels produced will have “Gandaberunda” embedded on them. The government will launch jewellery retail outlets to sell these gold coins and will also collaborate with private jewellers, said Murugesh R Nirani, the Mines and Geology Minister. It will… read-more
Courtesy: Indian Express