Jewellers Getting More Gold, Silver Inquiries After Rs 2,000 Note Order
NDTV
Currently, gold prices have corrected to around Rs 60,200 per 10 grams level in the country.
Jewellers in India, the world's second largest gold consuming country after China, have started receiving more inquiries for purchase of gold or silver immediately after the Reserve Bank's announcement to withdraw Rs 2,000 notes from circulation.
However, there is no panic buying of the precious metal unlike the situation witnessed in 2016 during demonetisation, jewellers body GJC said on Sunday.
In fact in the last two days, the actual gold purchase has been less in exchange of Rs 2,000 notes due to strict Know your Customer (KYC) norms although sources said some jewellers have started charging a 5-10 per cent premium, taking the gold prices to Rs 66,000 per 10 grams level.
Currently, gold prices have corrected to around Rs 60,200 per 10 grams level in the country.
