Gold prices rise for fourth straight session, silver surges to two-year high On Monday, the Directorate of Revenue Intelligence (DRI) and Customs Department stopped 36 passengers at Lucknow's airport, travelling from Sharjah. During the frisking, the customs officials seized cigarettes worth over ₹3 crore and cash worth ₹23.90 lakh. Besides, six passengers said they also had gold with them.
Gold rate surges above ₹69,400; silver price surpasses ₹78,000 level on MCX The next day, when the officials interrogated the passengers, one of them pretended to be ill and created chaos. Taking advantage of the situation, all the passengers fled, Additional Deputy Commissioner of Police Shashank Singh told PTI news agency. The police have registered a case under relevant sections and efforts are being made to arrest the accused.
Separately, Mumbai Customs have seized over 2.52 kg of gold valued at ₹1.46 crores in five separate cases since March 31. The smuggled gold was found concealed in clothes worn, on the body of the passenger and on the underside of a baggage trolley. Experts see gold price at ₹75,000 per 10 gm level in FY25 In March this year, foreign currency and items worth ₹10.60 crore were seized across eight different cases at the Chhatrapati Shivaji Maharaj International Airport.
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