Prime Minister
According
IBJA has 2,500 jewellers registered with it from across the country.
"We estimate gold worth Rs 5,000 crore, or around 15 tonnes, was sold between 8 pm on November 8 and 2-3 am the next day, after the PM's
He also added that more than half of the sales happened in Delhi, UP and Punjab. He claimed that only 1,000 of around 6 lakh jewellers across the country had accepted Rs 500 and Rs 1000 notes in exchange for gold on the night of November 8.
IBJA is now asking the government to take strict action against erring jewellers because they had brought a "bad, name to the entire trade, Mehta added.
The figure of 15 tonnes is significant as it amounts to over a fifth of the monthly sales of gold in a normal year