Ground Report | No panic in the gold jewellery market on Rs 2,000 note withdrawal
The withdrawal of Rs 2,000 currency notes has not triggered panic buying of gold jeweler using cash, as witnessed during the 2016 demonetization. Jewelers in various cities told Resource that customers were not desperate to use their Rs 2,000 notes to buy jewelers. Although some jewelers initially demanded a premium for purchases using Rs 2,000 notes, customers weren’t willing to pay anything extra, contending that the bills were still valid. The Reserve Bank of India said May 19 the Rs 2,000 notes, introduced after demonetization in November 2016, will be withdrawn from circulation. The RBI gave the public time till
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