Gold, silver worth crores locked inside: Here’s why MCD sealed dozens of jewellery shops in Chandni Chowk, Delhi
The Municipal Corporation of Delhi (MCD) sealed 56 jewellery shops in Chandni Chowk, Delhi, following stricter checks on dangerous and illegal buildings after a recent collapse that killed seven people. Traders allege the action was taken without advance notice, trapping crores worth of gold and silver inside, and question why only traders are bearing the brunt of the tragedy.
Why it matters
This incident highlights critical issues of urban planning, building safety regulations, and the impact of government enforcement on small businesses and the local economy in a major city. It also raises questions about accountability, due process, and the economic consequences for affected traders.
The Municipal Corporation of Delhi (MCD) has sealed at least 56 jewellery shops in Chandni Chowk on 10 September, PTI reported, citing traders. The shops are located in Kucha Mahajani, a bullion market in Delhi. Traders said gold and silver jewellery worth crores remained locked inside the sealed shops.The action reportedly followed stricter checks against dangerous and illegal buildings across Delhi. These checks increased after seven people died in the Satya Niketan building collapse.Yogesh Singhal said officials sealed the shops around 11.30 AM after posting notices.
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