From Hindustan Times
Owned by HT MediaGold prices fall to one-week low as strong dollar, Fed rate hike bets weigh
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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Spot gold slipped to $3,977.99 per ounce, while US gold futures declined 0.4% as investors assessed the impact of tighter monetary policy.