Gold theft increased 260 percent in Paris

June 28, 2012 at 1:27 PM
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PARIS, June 28 (UPI) -- Thefts of gold jewelry in Paris have increased 260 percent from April to May and now occur at a rate of more than 10 thefts per day, police said.

The number of thefts increased from 154 in April to 400 in May, Radio France Internationale reported.

Paris police said they believe the increase in thefts is caused by the increase in the price of gold to $1,600 per ounce.

Prefect of Police Bernard Boucault has ordered an increased police presence in areas where thefts occur most frequently.

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