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 media.

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

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