1. Bullion market closed due to protest against PAN card requirement

Bullion market closed due to protest against PAN card requirement

Bullion market today remained closed in the national capital because of the traders protest against government's decision to make PAN card mandatory for transactions of Rs 2 lakh and above.

By: | New Delhi | Published: February 10, 2016 3:55 PM
GOLD

Bullion market today remained closed in the national capital because of the traders protest against government’s decision to make PAN card mandatory for transactions of Rs 2 lakh and above. (AP)

Bullion market today remained closed in the national capital because of the traders protest against government’s decision to make PAN card mandatory for transactions of Rs 2 lakh and above.

The government has made Permanent Account Number (PAN) card mandatory from January 1, for all transactions of Rs 2 lakh and above.

“We have shut our shops to protest against the mandatory PAN card requirement,” All India Sarafa Bazar Association Vice President S K Jain told PTI.

Yesterday, gold closed at over one-year high at Rs 28,585 per 10 grams, while silver regained Rs 37,000 per kg level.

Tags: Gold
  1. S
    shivkumar
    Feb 13, 2016 at 3:17 am
    Government should have brought down the limit to Rs 50,000/- only for non-PAN transactions.
    Reply

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