Gold purchase saw 23-fold spike
By GCRU Gold News on Tuesday, November 15 2016, 06:55 - Permalink
On the night Narendra Modi announced his decision to curb black money, Mumbai bought gold and bullion worth Rs. 16 crore, a jump of 23 times from the city's collective sale of Rs. 69 lakh from the previous day. Total sales in Mumbai, Pune, Nashik and Goa were Rs. 36 crore as opposed to the previous day’s sale of Rs. 6 crore. Following the spike, sale numbers from November 9 saw a considerable dip across all cities, officials said.