#RSBL With #bullionmarket reopening after 16 days on Monday, gold prices witnessed a massive plunge of Rs 1,750 to Rs 29,400 per 10 grams in the national capital, while silver slumped by Rs 3,100 to Rs 41,600 per kg.
Gold and jewelry establishments had been closed since November 11 after the Income-Tax Department carried out surveys following reports of alleged profiteering and efforts at #taxevasion in the wake of government's #demonetization of move.
The government on November 8 announced the demonetization of 500 and 1,000 rupee notes to flush out black money.
Globally, #gold traded 0.75 per higher at US$ 1,192.80 an ounce, while #silver rose 3 per cent to US$ 16.80 an ounce in #Singapore.
Source : https://www.facebook.com/prithviraj.kothari
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