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Govt working on lower costs for cashless sales in jewellery

I know what you did on Tuesday night, Piyush Goyal tells jewellers

Rajesh Bhayani  |  Mumbai 

Piyush Goyal, Union power minister, told jewellers in South Mumbai on Saturday to go cashless and assured them the government was working on reducing the costs involved in such transactions.  “I am aware of what you did on Tuesday night when Prime Minister Narendra Modi announced the withdrawal of Rs 500 and Rs 1,000 currency notes,” he told jewellers.  Gold was quoted around Rs 50,000 per 10 gram in the days following the November 8 demonetisation till income tax officials raided hundreds of jewellers. Old currency notes were used to buy gold and ...

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First Published: Tue, November 29 2016. 01:48 IST