People rushed to buy gold just after demonetisation announcement, gold worth Rs 5,000 crore sold on Nov 8-9
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Prime Minister
According
IBJA has 2,500 jewellers registered with it from across the country.
"We estimate gold worth Rs 5,000 crore, or around 15 tonnes, was sold between 8 pm on November 8 and 2-3 am the next day, after the PM's
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IBJA is now asking the government to take strict action against erring jewellers because they had brought a "bad, name to the entire trade, Mehta added.
The figure of 15 tonnes is significant as it amounts to over a fifth of the monthly sales of gold in a normal year
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