In a commendable act of honesty and integrity, two employees of the BMC solid waste department were felicitated by the BMC commissioner, Bhushan Gagrani, for their discovery of 150gm worth of gold near Kennedy bridge between Grant Road and Charni Road stations. The employees, Sunil Kumbhar and Balaram Jadhav, found a 100gm gold biscuit and a 50gm gold bar while carrying out their regular cleaning duties on May 12. The duo promptly handed over the valuable items to the local police station the next day.
**Rising Demand for Gold**
As seen in recent trends, gold has outperformed the Nifty with an 18% return over the past 5 years. The surge in gold prices globally, reaching $2,390/ounce, has prompted central banks of countries like China, India, and Russia to increase their gold reserves due to trust issues in the US dollar. The rise in debt levels in the US and EU has further fueled the demand for gold as a safe haven asset.
**Thriving Sales on Akshaya Tritiya**
The festive occasion of Akshaya Tritiya witnessed strong gold sales in the state, with over 400 crore worth of gold being sold. Residents of Patna took advantage of various offers on gold and diamond jewelry, leading to high sales figures. Gold prices soared to Rs 61,000/10gm for 18 carats, with estimated sales ranging from Rs 150-200 crore in Patna. Silver prices remained stable at Rs 850/10gm, and overall sales saw a significant increase compared to the previous year.
The discovery of the gold by BMC staff members not only showcases their dedication to their work but also highlights the importance of honesty and integrity in all endeavors. This incident serves as a reminder of the positive impact that ethical conduct and transparency can have, not only on individuals but also on the community as a whole.
