UP: Cloth merchant, six others held for stealing clothes from dead from crematoriums, burial grounds
Baghpat, May 9: Police here on Sunday arrested seven people, accused of selling clothes stolen from crematoria and graveyards.
Circle Officer of Baraut Alok Singh on Sunday said a local cloth merchant and his aides used to steal clothes of the dead from crematoria and graveyards and resell these in the market after putting a company trademark.
He said the accused have been indulging in this act for the past 10 years and the cloth merchant used to give Rs 300 daily to his aides for the act.
The arrested people have been identified as cloth merchant Praveen Jain, his son Ashish Jain, nephew Rishabh Jain and aides Raju Sharma, Shravan Sharma, Bablu Kashyap and Shahrukh Khan.
Police recovered 520 bedsheets, 127 kurtas, 140 shirts, 34 dhotis and 112 trademark stickers, he said.
जनपद बागपत पुलिस ने शमशान घाट व कब्रिस्तान से कफन व वस्त्र चोरी कर बाजार में बेचने वाले गिरोह का किया भंडाफोड, सात अपराधी चोरी किये कफन व वस्त्रों सहित गिरफ्तार।@CMOfficeUP @Uppolice @adgzonemeerut @igrangemeerut pic.twitter.com/FCj4FqkXKT
— Baghpat Police (@baghpatpolice) May 9, 2021
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Gold, silver soar as US-Iran deal hopes lift bullion demand
New Delhi (PTI): Gold prices rebounded by Rs 2,900 to Rs 1.55 lakh per 10 grams in the national capital on Wednesday, while silver climbed to Rs 2.54 lakh per kilogram as easing geopolitical tensions triggered a pullback in oil rates, boosting demand for precious metals.
According to the All India Sarafa Association, the yellow metal of 99.9 per cent purity jumped by Rs 2,900, or nearly 2 per cent, to Rs 1,55,400 per 10 grams (inclusive of all taxes) from Tuesday's closing level of Rs 1,52,500 per 10 grams.
Traders attributed the surge in bullion prices to reports that Washington and Tehran are close to finalising a framework agreement to end months of conflict, raising the prospects of smoother flows through the Strait of Hormuz and easing inflation concerns tied to energy markets.
"Gold rallied strongly on Wednesday as easing geopolitical tensions triggered a sharp reversal in key macro drivers that had recently pressured precious metals," Saumil Gandhi, Senior Analyst - Commodities at HDFC Securities, said.
Silver prices also advanced for the third straight session by rising Rs 3,500, or 1.4 per cent, to Rs 2,54,500 per kg (inclusive of all taxes). The metal had settled at Rs 2,51,000 per kg in the previous session, as per the Association.
"The prospect of a diplomatic breakthrough triggered a steep decline in oil prices and the US dollar, easing concerns about inflation while boosting demand for precious metals," Gandhi said.
Globally, spot gold increased by USD 106.15, or 2.33 per cent, to USD 4,663.70 per ounce while silver gained USD 3.40, or 4.68 per cent, to USD 76.24 per ounce.
"Gold witnessed a sharp rally as markets reacted positively to reports that the US and Iran are moving closer to a one-page agreement framework aimed at ending the conflict," Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities, said.
Despite strong international gains, rupee strength limited the upside in domestic gold prices. The market is now highly focused on final confirmation and execution of the proposed deal, he added.
Any negative surprise or breakdown in negotiations could trigger a sharp sell-off in gold, while a successful agreement and sustained ceasefire could push the bullion prices higher in the near-term, Trivedi said.
