Indians’ love for gold is well known. The country imported 759 tonnes of the yellow metal in 2018.
The Household Survey on India’s Citizen Environment & Consumer Economy (ICE 360-Degree survey) had found that 87 per cent of Indian households own gold. Protecting this asset becomes a serious responsibility, given the frequency of incidents, such as burglary and chain snatching in many neighbourhoods. In recent times, several incidents of bank lockers being robbed have also been reported: UCO Bank branch in Allahabad in April 2018; Kanpur branch of Union Bank of India in ...
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