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The hike in import duties is a government measure to curb precious metal imports, influenced by rising import bills and concerns over the ongoing Middle East crisis.
Prime Minister Narendra Modi has urged citizens to conserve foreign exchange by reducing non-essential purchases like gold
A civil police officer's home in Kozhikode was burgled, with seven sovereigns of gold stolen from a bedroom. Entry was gained using a hidden key, suggesting the thief knew the occupants' movements and valuables.
The valuables were believed to have been lost years ago while Jijo's mother was still alive.
Initial investigations yielded little evidence. The absence of CCTV cameras in the immediate area and the lack of forensic clues made the probe difficult.
A Class 4 student named Jewel Bibin found a gold chain and returned it to the police.
Although gold can be purchased freely in Dubai at attractive prices, only a limited quantity can be brought into India duty-free.
The stolen gold jewellery comprises gold bangles, chains, necklaces and gold coins.
Honest teenagers Kollam displayed remarkable integrity by returning a lost bag containing gold, cash, and valuables.
Silver prices touched ₹2.45 lakh per kg and Gold rose to ₹1.56 lakh per 10 grams.
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