World gold council members comprise gold mining companies from around the world

www.members.gold.org

Gold

Armed police to protect gold traders in India > Gold News > World Gold Council Members

 

Armed police to protect gold traders in India

Wednesday, 20th December 2006 (3914 views)

Following a high-profile gold robbery in Uttar Pradesh in India on Tuesday bullion traders in the district will now be accompanied by armed policemen when transporting precious metals.

Some 11 kilograms of gold jewellery were stolen from a vehicle on the Kanpur-Lucknow highway on December 19th after the driver was shot dead. Police are trying to catch those responsible.

Jewellers in the area closed their businesses in protest after the incident, demanding better protection from police against dangerous gold thieves and looters.

The senior superintendent of police in Kanpur city has now agreed to make armed security personnel available to bullion traders in Uttar Pradesh for a small fee when transferring jewellery from one district to another.

There have been a series of gold jewellery robberies in India recently as thieves look to cash in on its high value. Indeed the price of gold in India soars at this time of year in anticipation of the holidays and the Indian wedding season.

 

« Back to the stories

 

The news feeds on this site are independently provided by Adfero Limited © and do not represent the views or opinions of the World Gold Council.

News Archive:

 
 
  • Gold Spot Price
  • Bid:[Retrieving Data]
  • Ask:[Retrieving Data]
  • Last Update:[Retrieving Data]
© 2008 World Gold Council - all rights reserved. Produced and managed by CFP Group.