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Gold worth Rs. 2700 crore bought in 22 days

Window display of jewelry shop

Hyderabad: 8000 kg of gold biscuits worth Rs. 2700 crore were purchased against the demonetized currency after demonetization of currency in Hyderabad City alone. Almost 1500 kg gold was carried to Hyderabad in the current month.

Purchase of gold with demonetized currency was at its peak during the past 22 days,reports Enforcement Directorate. Meanwhile there was no system of getting the details of PAN Cards or identification from the customers who purchased gold worth less than 2 lakh.

The details of the buyers are not available with the jewelers.

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