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Indian currency revocation seen pushing many into gold
From the Press Trust of India
via The Times of India, Mumbai
Tuesday, November 8, 2016
NEW DELHI -- The jewellery industry today welcomed the government's decision to ban old 500- and 1,000-rupee notes, saying gold demand will rise as people will have more faith in the precious metal than the currency notes.
"It will create havoc for a little while and the economy will also destablize. But over-all it is going to be good for the country. In fact, the jewellery industry will thrive as people will have more trust on jewellery than currency notes," Gitanjali Gems Chairman and Managing Director Mehul Choksi told PTI. ...
... For the remainder of the report:
http://economictimes.indiatimes.com/markets/commodities/news/government-...
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