Jewellers went on strike for three days from March 2.
Jewellers sold huge quantities of precious ornaments at a premium of up to 50%.
Over 300 associations, that consists of over 3 lakh manufacturers, retailers, wholesalers and artisans among others, are participating the nationwide stir.
Jewellers on Monday decided to continue their pan-India strike for an indefinite period against the Budget proposal.
The jewellery industry has welcomed the government's decision to ban old Rs 500 and Rs 1,000 notes, saying gold demand will rise as people will have more faith in the precious metal than the currency notes. But the unorganised builders and secondary (resale) property market would be adversely impacted.
Gold is currently ruling at Rs 30,050 per 10 grams.
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