Said to be the largest-ever tax raid in Kerala, the investigation covered 74 buildings that included retail jewellery shops, wholesale outlets, ornament-making units, and residences of jewellery owners.

Gold and silver prices today: In Delhi, 10 gm of 24 carat gold was at Rs 73528.0 and 1 kg of silver was Rs 83140.0. In Mumbai gold was trading slightly lower at Rs 73384.0 for 10 grams.

Gold demand in India: Industry experts anticipate a robust increase in gold purchases for Diwali, Akshaya Tritiya, and the wedding season after import duty cut.

Joyalukkas plans to open 60 new stores in northern India within three years, aiming to boost revenue from the region. Expansion in Canada and Australia is also underway.