Gold, Silver Worth Crores Locked As MCD Seals 56 Chandni Chowk Shops

Following the death of seven people in the Satya Niketan building collapse, the Municipal Corporation of Delhi (MCD) has intensified its action against allegedly dangerous and illegal structures across the national capital.

Official response and confirmed impact

The drive has now reached Delhi’s busy Chandni Chowk, where around 56 jewellery and bullion-related shops in the Kucha Mahajani market have reportedly been sealed.

MCD Seals Shops in Kucha Mahajani According to reports, the MCD on Thursday sealed scores of gold and jewellery shops in the Kucha Mahajani market.

The development has caused concern among traders, particularly those dealing in high-value jewellery and bullion.

Crores Worth of Jewellery Locked Inside Traders have claimed that jewellery and bullion worth crores of rupees remain locked inside the sealed premises.

They have expressed concern over their stock and the financial losses that could result if access to the shops remains restricted.

The market is one of the prominent jewellery and bullion trading hubs in the national capital, making the sealing drive particularly significant for local businesses.

Incident background

The action is part of a wider enforcement drive targeting buildings considered unsafe or allegedly involved in unauthorised construction and encroachment.