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Gold Worth INR 2700 Crores Bought in Hyderabad In Old Notes

Gold Worth INR 2700 Crores Bought in Hyderabad In Old Notes

Monday, December 19, 2016, 12:33 PM

Enforcement Directorate (ED) found that gold biscuits worth INR 2,700 crores was bought in Hyderabad, with scrapped 500 and 1,000 rupee notes, in the month of November. Enforcement Directorate also found that 8,000 Kgs of gold was imported into Hyderabad, between November 8th and November 30th. Enforcement Directorate wants to find out if gold traders accepted 500 and 1,000 rupee notes, after demonetization.
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