Rs 2000 Note Withdrawal: Why Are People Panic-Buying Gold?

People are rushing to jewellery stores to buy gold. And they are paying with Rs 2,000 notes. This ‘Gold Rush’ started a day after RBI announced its decision to remove the pink Rs 2,000 notes from circulation. Similar scenes of people buying gold worth lakhs were seen at many prominent jewellery chains. According to experts gold, furniture, luxury items, travel, and consumer durables will see a rise in demand as people try to get rid of their Rs 2,000 notes.

#RBI #2000NoteBan
#India #Gold
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[karthikpuvvula]

I’m a software professional. I don’t have a single 2k note. The ones who have are having loads of black money.

[kailash]

Adani may be buy gold shops in the city. 😂

[CIA_Agent]

This why I always use 10 and 20 rupee notes

[cemetry]

The people who are trying to get rid of their 2000 notes must have black money. It's simple and govt must direct the police to nab them at once.

[jhumkabhattacharya]

I dont have a single note to buy jewelry :( :( :(

[vipalsharma]

Indiatimes is for England, Hindi language bholey !to ta te

[krishnachaitanya]

It will only affect the upper class hindus 😂😂😂 jai shree ram