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Demonetisation: Jewellery mkt hit, gold prices comes down - The News
Posted
November 22, 2016
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November 22, 2016
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2:10Now PlayingAfter ten days of demonetisation, the jewellery market has been affected by a large extent. Jewellers struck gold in the first four days after demonetisation, when business peaked as much as 70%. But almost a fortnight later, gold prices are down and business is slow.
Despite wedding season, jewellers in Mumbai's Zaveri Bazaar alleged that the sale and demand is very low. However, gold rates have drastically come down from Rs 50,000 per gm to Rs 29,000 per gm.
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