The Jewelry Retailer Was Burgled And The Thieves Fled With 20 Tola Gold

As instructed, the nephews carrying the bag reached the planned spot on the flyover and called Raju. They hid the bag with the gold inside the boot space of their scooter. After that, he called an unknown individual and gave the police a clue. The robbery might be staged on the Sirsi Circle flyover the place no cameras are installed. The entire scene of packing the jewellery in the night was captured by the cameras.

The improve in recycling was most probably as a result of customers cashing in on the excessive gold costs. According to the World Gold Council’s Gold Demand Trends report, India’s gold demand confronted a downturn in the second quarter of 2023. The complete gold consumption for the quarter was down by 7% compared to the same interval in the previous year.


A complaint was registered at the Cottonpet police station by the proprietor of a jewelry shop. He told the police that his nephew, who was carrying the jewelry home, was robbed by two bike-borne men. Everything was recorded after the gold was delivered to the shop. The nephew carrying the bag out of the shop was recorded.

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The Cottonpet police solved a case of robbery. Police found that he was going to promote the gold and claim the insurance coverage. On the day of the grievance, police discovered a name on the messaging platform. They grew to become suspicious when the technical strategy did not work and tracked the telephone calls made by the man and his family.

A Jeweller Faked A Robbery Of Rs Four Cr Gold To Get Insurance

The decline in jewellery demand was attributable to the document excessive rupee gold costs, which negatively impacted affordability and consumer sentiment. There was a quick but notable influence on gold demand following the ban of two,000 notes. Gold recycling noticed a big enhance in Q compared to the identical interval in the previous yr.

The two minor nephews were educated jewellery sets for women for 15 days to carry out the plan.

One of the nephews came out of the station and took the bag with the gold into one other vehicle. When he arrived at the location with a quantity of others, he acted as in the event that they had been on the lookout for the criminals all over. They went to the police with the bike and filed a grievance.