DelhiDesk The demand for gold has increased in India following the news of the government’s closure of the INR2,000 ($31) note. The value of gold has increased by 10% to 15% since the announcement, leading some to convert their notes into the precious metal. The purchase of gold is also being driven by attempts to hide black money and avoid taxes. The increased demand has led to a 10% to 15% premium being charged on gold, with prices averaging INR65,000 to INR70,000 per 10 grams.
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Here is the news bullets sorted by DelhiBreakings.com team.
– Demand for gold has increased due to closure of Rs 2000 note
– Gold value has increased by 10-15%
– Efforts being made to convert Rs 2000 note to gold
– Gold is being sold at a premium of 10-15%
– People buying gold to hide black money and avoid taxes
– Inquiries for purchase of gold and silver have increased
– Old gold jewelry sales impacted by government rules
– Gold and silver rates have decreased recently
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