Four held for selling gold at high rates with scrapped notes

Four persons, who were in the jewellery trade, were arrested on charges of selling gold at higher rates by accepting demonetised currency notes here, police said on Saturday. A team of the Haryana police, on a tip-off, sent a decoy customer to fix a deal with the accused for buying 1 kg of gold with scrapped currency notes, they said.

“The deal was finalised at Rs 38,000 per 10 grams as against the current market rate of Rs 29,000 per 10 grams,” Karnal police Criminal Investigation Agency (CIA) in-charge Azad Singh said. The accused were caught red-handed selling 711 grams of gold to the decoy customer on Friday night, police said.

They have been booked under relevant sections of the IPC, including cheating. The accused have been identified as Gaurav, a resident of Sector 13, Vikas Mehta alias Vicky, a resident of Saini colony, Nirmal Kumar of Sarafa Bazaar and Anup, a resident of Assandh, police said.