Surging gold prices responsible for rise in chain-snatching circumstances in Kerala?

Express News Service

KOCHI:  Higher inflation and the resultant bounce in charges of curiosity have left the monetary system sluggish and ensured the flight of merchants into safe-haven property, equivalent to gold. This has seen yellow metallic prices skyrocketing. However, in what could also be seen as a draw again has been the rise in felony train linked to gold.      

    
Chain-snatching incidents have been on the rise, reveals state crime info bureau info. In 2020, the number of such circumstances stood at 261, which went up in 2021 to 343. Last yr, it touched virtually 400, triggering concern from laws enforcement companies and most people alike. However, police did not unravel virtually half of the circumstances. Gold prices, within the meantime, have elevated from spherical Rs 24,000 for one sovereign on the end of 2019 to Rs 44,760 as on April 26, 2023.

It’s powerful to hyperlink the rise in chain-snatching to hovering gold prices. But, we’re certain that it is a contributing challenge. With gold prices capturing up, criminals are discovering a simple method of being worthwhile. Unfortunately, its youngsters who’re largely involved, said Okay Karthick, superintendent of police, Kottayam. As per a police analysis, the rise in gold prices have attracted further than merely recurring offenders.

“Recently, we arrested three persons in Kottayam in connection with an incident of chain snatching. All three are not habitual offenders. While one got involved to repay a loan, another did it to arrange funds to go abroad. Since the price of gold has soared and the risk of return is high, they opted in,” Karthick added.Recently, two Tamil Nadu natives had been nabbed for snatching a woman’s gold chain. They moreover attacked two cops who tried to catch them.

“A criminal who indulges in housebreaks will never commit other crimes. This has been the norm. But now offenders are shifting their area of operation. Those involved in other crimes have taken to chain snatching. For them, the risk involved is less as their main target is elder women,” said an officer with Kochi City police, who was simply currently involved in busting a chain-snatching gang.

KOCHI:  Higher inflation and the resultant bounce in charges of curiosity have left the monetary system sluggish and ensured the flight of merchants into safe-haven property, equivalent to gold. This has seen yellow metallic prices skyrocketing. However, in what could also be seen as a draw again has been the rise in felony train linked to gold.      

    
Chain-snatching incidents have been on the rise, reveals state crime info bureau info. In 2020, the number of such circumstances stood at 261, which went up in 2021 to 343. Last yr, it touched virtually 400, triggering concern from laws enforcement companies and most people alike. However, police did not unravel virtually half of the circumstances. Gold prices, within the meantime, have elevated from spherical Rs 24,000 for one sovereign on the end of 2019 to Rs 44,760 as on April 26, 2023.

It’s powerful to hyperlink the rise in chain-snatching to hovering gold prices. But, we’re certain that it is a contributing challenge. With gold prices capturing up, criminals are discovering a simple method of being worthwhile. Unfortunately, its youngsters who’re largely involved, said Okay Karthick, superintendent of police, Kottayam. As per a police analysis, the rise in gold prices have attracted further than merely recurring offenders.googletag.cmd.push(carry out() googletag.present(‘div-gpt-ad-8052921-2’); );

“Recently, we arrested three persons in Kottayam in connection with an incident of chain snatching. All three are not habitual offenders. While one got involved to repay a loan, another did it to arrange funds to go abroad. Since the price of gold has soared and the risk of return is high, they opted in,” Karthick added.Recently, two Tamil Nadu natives had been nabbed for snatching a woman’s gold chain. They moreover attacked two cops who tried to catch them.

“A criminal who indulges in housebreaks will never commit other crimes. This has been the norm. But now offenders are shifting their area of operation. Those involved in other crimes have taken to chain snatching. For them, the risk involved is less as their main target is elder women,” said an officer with Kochi City police, who was simply currently involved in busting a chain-snatching gang.