Gold refiners lose bulk business after demonetisation
- by B2B Desk 2016-12-09 08:45:29
Gold refiners have had 70-75 per cent less business in the past month, due to reduced supply of scrap jewellery from retailers, following the non-availability of cash for purchase of used ornaments. While consumers are ready to sell used ornaments, jewellers say they don't have the money, blaming non-availability of cash from banks.
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