Jewellers getting more inquiries for gold after RBI withdraws Rs.2,000 notes; no panic buying
Jewellers in India 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.
Foreign a/c, property, bullion can't be disclosed under PMGKY
Only unaccounted domestic cash holding can be declared through the new Income Disclosure Scheme and not jewellery, stocks, immovable property or overseas accounts.
Demonetization to take shine off gems & jewellery: CARE report
Though export market and large diamantaires in the organised sector may not be impacted much, small and medium players, carrying out local trade and sourcing, are expected to feel the pinch of currency recall exercise, it pointed out.
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