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Congress MP and former finance minister P Chidambaram's remarks came after the RBI announced it will withdraw Rs 2,000 currency notes from circulation.
However, there is no panic buying of the precious metal unlike the situation witnessed in 2016 during demonetisation, jewellers body GJC said on Sunday.
For the first time since the surprise decision to withdraw the highest denomination currency note was announced, RBI Governor Shaktikanta Das cleared the air and said the decision was part of currency management of the central bank
The Secretary’s comment comes after the RBI announced that the maximum limit of exchanging is Rs 20,000 in one go. This means that a person can exchange 10 Rs 2,000 banknotes at one time.
RBI encourages individuals to deposit and/or exchange Rs 2,000 banknotes by 30 September