Wednesday 16 November 2016

Demonetisation hits jewellery demand in India

Gold demand in India has taken a hit following the government's decision to demonetise Rs 500 and Rs 1,000 notes, even as the price of the precious metal dropped nearly 1% to about Rs 29,320 per 10 gm on Tuesday. Traders, consumers and investors stayed away from gold, with the result that premium on gold halved from the previous week.
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