From The Times of India
Owned by Bennett, Coleman & Co.Indians buy 52 tonnes of gold as prices fall from Rs 1.8 lakh peak to Rs 1.42 lakh
What's behind this
About 25 kg of gold was stolen from the newly opened TATA Tanishq showroom on Bypass Road in Madurai, Tamil Nadu, about 15 days after the store began operations. The heist took place on a Wednesday night when masked burglars broke into the outlet and fled with jewellery estimated at several crores of rupees, with one report citing a value of Rs 25 crore. Police have said a lone burglar may be involved and are reviewing nearby CCTV footage, while the exact loss will be confirmed after the outlet’s management files a report.
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RSS excerpt
The festival calendar also worked in favour of jewellery purchases. Dhanteras was observed on November 6, followed by Diwali on November 8. Both occasions fell in the early part of the month, when salaried employees typically receive their monthly pay and festive bonuses. In the current fiscal year…