Bright in Mumbai’s bullion market, are people arriving to buy gold with 2000 notes? learn

2000 Rupee Notes: After the decision of the Reserve Bank of India (RBI) to withdraw 2000 thousand rupee notes, the bullion markets are witnessing a buzz. Many people are also seen shopping in Zaveri Bazaar of Mumbai. Zaveri Bazar is considered to be the first choice of gold buyers in Mumbai. Are people reaching bullion market to buy gold with Rs 2000 notes? To know this, ABP News visited Zaveri Bazar.

Kumar Jain, the national spokesperson of the India Bullion and Jewelers Association and gold trader Anil Jain, who have been doing gold business for the past several decades in Zaveri Bazar, said that even after the RBI decision, people in different parts of the country may not visit gold shops. Reaching for shopping with 2000 notes but the picture of Mumbai is different.

‘Gold being given even if there is a 2000 rupee note’

He told that it is the season of weddings, so customers are reaching in large numbers to make purchases. Most of the customers are reaching with Rs 500 notes. Even if a customer reaches for shopping with Rs 2000 notes, he is being given gold. With this, he said, “We have a condition that the customers should have Aadhaar card and PAN card. After buying gold, we give sure bill to the customers.

Let us tell you that on last Friday (May 19), RBI issued a circular saying that Rs 2000 notes will be withdrawn from circulation. It was said on behalf of RBI that people who have two thousand rupee notes can go to banks from May 23 to September 30 and get them changed.

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