Jammu and Kashmir Chief Minister Omar Abdullah congratulated 14-year-old boxer Mohammad Yasser from Rajouri on winning a gold medal at the Asian U-15 Boxing Championship in Tashkent, Uzbekistan.
With duties at 15%, GST at 3%, and making charges running as high as 20% -- the gap between a smart purchase and a careless one can easily be Rs 30,000 to Rs 50,000 on every Rs 1 lakh invested. And most of that gap is entirely avoidable. Ramalingam Kalirajan explains the math.
Revenue intelligence and customs officers are set to intensify surveillance and increase vigilance on international borders to combat potential gold smuggling following a significant increase in customs duty on gold.
Thane Crime Branch arrests two women for allegedly stealing gold ornaments from citizens, solving nine cases and recovering jewellery worth Rs 37.19 lakh.
A jewellery trader in Thane was allegedly cheated of Rs 14 lakh by six individuals who promised to sell him gold at a discounted price but failed to deliver.
India has capped gold imports under the Advance Authorisation scheme at 100 kg, a day after significantly increasing import duties on precious metals. This move aims to tighten conditions for duty-free gold imports by jewellery exporters and curb non-essential imports amidst a ballooning import bill.
Railways' Sonam Uttam Maskar won gold in the women's 10m air rifle event at the Kumar Surendra Singh Memorial Shooting Championship, with Elavenil Valarivan taking silver. Tilottama Sen, Sanvi R.P. also secured titles in junior and youth categories respectively.
A jewellery shop in Karnataka was robbed in the early hours of Saturday, with thieves making off with gold and silver worth over Rs 40 lakh.
The Indian government has increased import duties on gold and silver from 6 per cent to 15 per cent to curb inbound shipments of precious metals amid a rising import bill due to the West Asia crisis.
India's organised gold jewellery retail sector is projected to experience a 13-15 per cent year-on-year decline in sales volumes this fiscal, following an 8 per cent drop last year, due to elevated gold prices and a recent import duty hike, according to a Crisil report.
The Customs department seized gold worth Rs 3.15 crore from two passengers at Mumbai airport, including a finance professional smuggling gold due to US-Iran conflict concerns.
Gold prices in the national capital fell by Rs 600 to Rs 1.64 lakh per 10 grams, influenced by tentative progress in US-Iran negotiations, which reduced demand for precious metals. However, unresolved tensions surrounding the Strait of Hormuz continue to keep traders cautious.
'Every year we import approximately $70 billion worth of gold -- closer to $72 billion in 2025-2026, an all-time record.' 'There is no parallel for this anywhere in the world. And this love for gold will not disappear overnight.'
The gems and jewellery industry anticipates challenging times following the government's decision to increase gold import duty to 15 per cent, a move that exporters warn could fuel the grey market and heighten smuggling risks.
Indian wushu player Aparna won a gold medal in the women's 52kg category at the 11th Sanda World Cup in Macau, defeating Vietnam's Thi Phuong Nga Ngo in the final.
Army shooter Ganga Singh won gold in the men's 50m rifle 3-positions at the 24th Kumar Surendra Singh Memorial Shooting Championship. Haryana's Kamaljeet Choudhary and Surbhi Rao secured the 10m air pistol mixed team title.
A para-athlete has been arrested in Ghaziabad for allegedly shooting dead national-level para-athlete and gold medallist Chirag Tyagi, with police suspecting a revenge motive linked to a document verification complaint.
Gold prices in the national capital surged by Rs 600 to Rs 1.65 lakh per 10 grams, extending gains for the third consecutive day, while silver rebounded by Rs 5,000 to Rs 2.71 lakh per kilogram, driven by geopolitical tensions and inflation concerns.
The Indian Under-18 women's hockey team was defeated by China in a penalty shootout during the semi-finals of the Under-18 Asian Championships, ending their bid for a gold medal. After a 2-2 draw in regulation time, India lost 1-3 in the shootout and will now compete for the bronze medal.
The Indian women's recurve team, consisting of Deepika Kumari, Ankita Bhakat, and Kumkum Mohod, secured a dramatic shoot-off victory against China to win the gold medal at the Archery World Cup Stage 2 in Shanghai.
Olympian Anish Bhanwala won gold in the men's 25m rapid fire pistol event at the 24th Kumar Surendra Singh Memorial Shooting Championship. Suraj Sharma won silver and Vijayveer Sidhu took bronze.
Jewellers in Lucknow protest Prime Minister Modi's appeal to defer gold purchases for a year amid the West Asia crisis, fearing significant business losses and economic hardship for those involved in the trade.
Madhya Pradesh's Nupur Kumrawat won the 50m rifle prone women's event at the 24th Kumar Surendra Singh Memorial Shooting Championship. Tamil Nadu's MA Akschadha Aiswarya secured the junior and youth women's titles.
A home tutor in Delhi has been arrested for allegedly stealing gold and diamond jewellery from a house in Paschim Vihar. Police recovered the stolen items from her residence after an e-FIR was filed and CCTV footage was analysed.
The Indian trio of Deepika Kumari, Ankita Bhakat, and Kumkum Mohod secured the women's recurve team gold medal at the Archery World Cup Stage 2 in Shanghai, defeating China in a tense shoot-off. India finished the campaign with two medals, including a bronze in the men's individual compound section.
A jeweller was robbed of gold jewellery, cash, and his scooter at gunpoint in east Delhi's Preet Vihar, police said on Monday. The incident occurred on Sunday night when the victim was returning home from his jewellery shop.
Rajasthan's Anjali Shekhawat won gold in the women's 10m air pistol event at the 24th Kumar Surendra Singh Memorial Shooting Championship. Haryana's Kanak Budhwar secured silver, and Punjab's Agam Ranjit Kaur Grewal took bronze. Haryana also dominated the team event.
The Indian women's recurve team, consisting of Deepika Kumari, Ankita Bhakat, and Kumkum Mohod, secured a gold medal at the Archery World Cup Stage 2 in Shanghai, defeating China in a tense shoot-off. This victory marks India's first World Cup women's team gold since 2021 and follows a stunning semi-final win against South Korea.
Police in Gurugram have arrested four individuals involved in an interstate gold coin fraud, recovering a substantial amount of cash and gold. The alleged mastermind, Solanki Prabhubhai Gulshanbhai, has a long history of fraud and is accused of targeting high-profile individuals.
Rudrankksh Patil of Maharashtra won the gold medal in the men's 10m air rifle event at the Kumar Surendra Singh Memorial Shooting Championship, overcoming a challenge from Haryana's Rohit Kanyan.
Congress leader Rahul Gandhi has criticised Prime Minister Narendra Modi's call for citizens to make economic sacrifices in response to the West Asia conflict, calling it 'evidence of failure'. Gandhi accused Modi of shifting responsibility onto the public and being incapable of running the country.
Vanshika Chaudhary and Chirag Sharma secured gold in the 10m air pistol mixed team event at the ISSF Junior World Cup in Cairo, boosting India's gold medal count to five. India leads the medal table with a total of 14 medals.
A significant fraud involving the theft of gold ornaments and their replacement with fake jewellery has been discovered at a Canara Bank branch in Jalna district, Maharashtra. The alleged fraud amounts to Rs 7.31 crore.
The Indian women's recurve archery team secured a medal at the Archery World Cup Stage 2, defeating South Korea in the semi-final. However, the men's team faced a disappointing defeat against Bangladesh.
Indian weightlifters continued their impressive performance at the Commonwealth Youth and Junior Weightlifting Championships and Universal Cup, securing a gold and three silver medals in Apia, Samoa.
Asian Games gold-winning quarter-miler VK Vismaya has been suspended for two years by NADA after testing positive for a banned substance, while sprinter N Shanmuga Srinivas received a four-year ban for evading sample collection.
Kerala Police have arrested 13 individuals for allegedly attempting to abduct a passenger arriving from abroad at Karipur airport and rob him of gold and cash. The operation was launched based on a tip-off, leading to the seizure of vehicles and the discovery of a larger conspiracy. Authorities are also investigating the possibility of the passenger carrying smuggled gold.
A significant structural shift is underway in India's gold market, with investment purchases projected to account for 35-40 per cent of total consumption by FY27, driven by geopolitical uncertainty, price momentum, and portfolio diversification.
A 40-year-old domestic help has been arrested in Delhi for allegedly stealing gold jewellery from the house of an 82-year-old woman. Police recovered the stolen gold from her residence.
India concluded a highly successful campaign at the Ulaanbaatar Open Senior Ranking Series wrestling tournament, securing a total of 17 medals across freestyle, Greco-Roman, and women's categories. The men's freestyle team alone bagged three gold and four bronze medals, while the Greco-Roman team clinched the overall championship with two golds. The women's contingent also contributed significantly with three gold and four bronze medals, ensuring India's top-three finish in the team standings.
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