Gold News

After gold credit Rs 189 cr ancient diamonds missing from Kerala temple SC told.

 After gold credit Rs 189 cr ancient diamonds missing from Kerala temple SC told.

Eight antique diamonds adorning the forehead of an idol at the Sree Padmanabhaswamy temple were missing, the Supreme Court was told on Monday, the latest theft to be reported from one of the world’s richest Hindu shrines.The crime branch of the Kerala Police were investigating the theft, senior advocate Gopal Subramanium, who is assisting the court in a case of alleged mismanagement of the shrine, said in his report about the Thiruvananthapuram-based temple whose wealth is estimated at Rs 1.5 lakh crore.Though the diamonds, part of the Namam (tilakam), were officially valued at Rs 21 lakh, it was a conservative estimate as the value was “far beyond the figure” because of their antiquity, the report said.Ten months ago gold worth Rs 189 crore was reported missing from the temple by former comptroller and auditor general of India Vinod Rai.Asked by the court to audit the temple’s famed treasures, Rai said 769 gold pots were missing.Questions have been raised over the management of the temple dedicate to Lord Padmanabha. In 2009 a former police officer filed a case in the Kerala high court alleging mismanagement of the assets by the erstwhile royal family of Travancore.A petition in the Supreme Court has asked that a trust or a separate body be formed to manage the temple, as it riches were being plundered. It has also asked for an inventory of the treasures.The temple shot to fame seven years ago when the court ordered a list be drawn up of the temple wealth after six underground vaults were discovered. Rare jewels, gold coins, diamond-studded thrones, crowns and gold bars were found when all but one vault were opened. 

Other News You May Interested

Trend Update

Trend Update... read more ...

Gold holds constant near 3-1/2 month high

Trump's economic policy  Investors were looking ahead to an address by Trump to Congress next week for further clarity on his economic pol... read more ...

Silver Stocks Severely Undervalued

Silver acts as an inflation hedge, and in times of crisis, small quantities may be used for smaller, daily transactions compared to holding a tradi... read more ...

Gold hits 4-month high, top Rs325 on substantial global cues.

Gold prices soared by Rs325 to regain the Rs30,000-mark and trade at over 4-month high of Rs30,175 per 10 grams at Delhi bullion market on Saturday... read more ...

BULLION: The Prized metals, gold and silver snapped

its three-week gains at the bullion market, on reduced offtake due to holiday-truncated week despite firm global trend.Marketmen said easing demand... read more ...

Crude oil slips nearly 1 percent on Care over rising U.S. output

Oil prices slid nearly 1 percent as worries about rising U.S. supplies outweighed OPEC pledges to boost compliance with output curbs.

But... read more ...

Natural Gas Shortened-Term Storhouse Outlook.

The Energy Information Administration (EIA) reported that natural gas in underground storage fell by 89 billion cubic feet ((bcf)) in the week endi... read more ...

Silver Price Equal Off with Notable Support

Silver Price Equal Off with Notable Support

See the Webinar Calendar for a schedule of upcoming live events with Paul or... read more ...

Gold holds around 3-1/2 month high Trumps economic policy in target.

BENGALURU, FEB 27:  
Gold prices held firm on Monday near 3-1/2 month highs hit in the previous session, with investor... read more ...