Most of the bullion markets and jewellery showrooms remained closed in major cities.
Top finance ministry officials and members of Planning Commission on Friday gave a thumbs up to the Union Budget 2003-2004 saying Finance Minister Jaswant Singh had laid out a roadmap for greater flow of investment and industrial growth.
Most jewellery shops and establishments in the country are shut since March 2.
'The government can increase import duty on gold by 1 per cent, instead of imposing excise duty.'
The panel will look into issues related to compliance procedure.
Most of the jewellers who had reopened their showrooms in confusion on Monday, kept shutters down today at Mumbai's Zaveri Bazar and several other places, demanding rollback of the proposal.
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