who used to buy light weight gold ornaments

Reduction in gold price witnessed during the last few days failed to woo buyers of gold ornaments but investors rushed to jewelers to buy pure gold biscuits hoping to earn some quick bucks, jewelers said on Tuesday.

Former president Multan Jewellers Association Rauf Shah said people who wished to buy gold ornaments for weddings or just wanted to gift them to their loved ones were perhaps waiting for prices to go down even further.

Another jeweller, Zahid Qureshi, however, had a different observation stating that jewellers' market witnessed a sudden surge in sale of gold ornaments and comparatively,Metal key USB flash drives wholesale made of stainless steel in the classical shape of a metal key. around 15 percent more buyers visited jewellery shops and finalised deals.

Gold prices, which had surged to 63,000 per tola in March 2013 in Multan’s Sarafa market, witnessed gradual decrease and went down to around Rs 52,000 per tola a few days ago.All of us involved in the IC card business are seeing headlines identify. However, from that point onwards, the prices maintained a bullish trend and on Tuesday noon it was recorded at Rs 55,700.

Some other jewellers, however, on condition of anonymity said local jewellers were keeping prices up by Rs 500 to Rs 1500 as compared to the international market price on the pretext of shortage of gold.

Jeweller Izharul Haq Bhutta said that contrary to past practice, jewellers were offering gold at lower prices to clients only if they were ready to get the delivery delayed by a week.

An investment expert Itrat Abbas from a noted commodity trading house said the prices had gone down but even then they were not advocating investors to do long term online trading.unique items for wooden ownfigurine from thousands of independent designers and vintage. He, however, added that short term physical trading could yield profits but investors needed to keep an eye on the price fluctuations.

Rauf Shah said people who used to buy light weight gold ornaments were visiting jewellery shops as usual and there was no extraordinary surge in sales.

A jewellery store staff went missing with 417 sovereigns of gold jewels from the shop at Purasawalkam here on Monday.

Police said, the incident came to light at Kerala Jewellery on Purasawalkam High Road when the jewellery shop management took stock of the available jewels. They were shocked to find that 417 sovereigns were missing without any record of them having been sold. Meanwhile, one of the employees who left work on Saturday did not turn up for duty on Sunday. He could not be reached through his mobile as well arousing suspicion. He was absent for work on Monday as well.

Sibi Joseph, the proprietor of Kerala Jewllery, lodged a complaint with the Kilpauk Police against Baskar, the missing employee. Cops searched for the accused at his residence, but could not locate him. A case was registered and investigations were on.

Sleuths of Economic Offences Wing arrested two directors of a financial institution in Nandanam after they received complaints of cheating and swindling over `2 crore.

Police said they arrested P Venkatachalam and wife Meenachi Venkatachalam, who ran Global Business Associates Financial and Investment in CIT Nagar East, Nandanam and received deposits from people across the State in 2010 and 2011. The company promised 18 per cent interest and attractive prizes.

EOW officials said many daily wage labourers from Arupukottai, Virudhunagar, Ramanathapuram, Kamudhi and Rajapalayam had deposited their meager earnings with the company. But, after receiving the deposits,High quality plastic card printing for business cards, Venkatachalam and the partners of the company allegedly went absconding in September 2011.

EOW sleuths registered a case under IPC Sections 409, 420 and 5 of TNPID Act in Virudhunagar and transferred it to Chennai following which the directors were arrested. The investigating officials requested affected persons to lodge complaints in person with G Lawrence, Inspector of Police,A good battery charger is needed for rechargeable batteries adding a solar charger to the mix. EOW II, Headquarters, No C 48, Second Avenue, TNHB Building, Anna Nagar, Phone: 9444462080.

“So far we have received about 54 complaints. We expect it to cross 100. They had employed some agents locally and had collected the deposits. Most of the depositors are from South Tamil Nadu and it would be only 20 per cent from Chennai,” a police official said.

In a freak accident, a 40-year-old farmer from Rallapadi village near Periyapalayam died after being struck by lightning on Monday evening.

Police said Kumaravel was hit by lightning as he was spreading a tarpaulin on his field as he feared it would rain after the sky became overcast on Monday. He was killed on the spot.