The State Council meeting of the All Kerala Gold and Silver Merchants Association (AKGSMA) with the India Association for Gold Excellence and Standards (IAGES) took place in Kozhikode, marking a significant step toward enhancing professionalism in the Indian gold industry.
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All Kerala Gold and Silver Merchants Association State President K. Surendran and General Secretary Adv. S. Abdul Nazar alleged that the GST raid on the gold trading sector was untimely and aimed at disrupting the Onam trade
Gold traders in Kerala are facing immense hardship due to illegal police recoveries that continue despite clear directives from the State Police Chief and the High Court. These unjust actions, based solely on statements from thieves without scientific investigation, have led to devastating consequences, including financial ruin and personal tragedies within the gold trading community. Around 1000 people are present for the protest, standing in unity against these injustices and demanding immediate corrective action.