“We are very disappointed that he got bail so easily despite the huge amount of gold he’s stolen.”

Two suspects remain at large: 33-year-old Simran Preet Panesar of Brampton, believed to be in India, for whom a Canada-wide arrest warrant and extradition request have been issued; and 36-year-old Prasath Paramalingam of Brampton, who failed to appear in court in August 2024.

China has been selling down its holdings of US government bonds and switching to buying gold in a process referred to as “de-dollarisation”.

Australia, already a leading gold producer, is well placed to gain.

That follows an extraordinary run in 2024, when the precious metal surged 27%, the biggest rise in 14 years.

We have been a strong proponent of showcasing the artistry of Indian jewellery on a global stage

VMD involves the thermal evaporation of metals, primarily gold or silver and zinc inside a custom built chamber.  

The Customs search resulted in the recovery of concealed Gold - 27 gold coins and 3 gold bars - weighing 1,140 gms.

Federal Budget: Due to the looming election this year we can expect some big spending and less scrimping and saving than we might usually see.

Reserve Bank Governor Dr Phillip Lowe warned investors to prepare for rate hikes in response to inflationary risks.