The victim has been identified as T. Mani of Rayagada.
As per reports, Mani visited her elder sister, V. Aruna’s shop at Indira Nagar in the town this afternoon when three miscreants came on a bike and asked for cigarettes. Soon, one of the miscreants snatched gold chains weighing around 50 gram from Mani, who was standing at the shop.
The market value of the snatched ornaments would be over Rs 3 lakhs, local said.
The incident was reportedly captured in the CCTV footage, installed in the area.
On being informed, Police reached the spot and initiated a probe into the incident.
Police said that they launched a manhunt to nab the miscreants who were involved in the crime.