Click it and Unblock the Notifications
Shares of the Jewellery companies were seen trading lower on Tuesday after the reports that central bank is in talks with government to increase curb on imports on gold.
Shares of the Titan slipped by 1.3%, Tribhovandas Bhimji Zaveri was down by 2% and PC Jeweller was lower by 3.5%. Gitanjali Gems fell 0.9%.
"Things are being worked out by the Finance Ministry and some announcements (restrictions) may come in a day or two," a source said to PTI.
On Monday, trade deficit data showed that gold imported surged to $ 4.17 billion from $1.09 billion last year. The rise the gold imports may be due to festive season in India.
Last year, government had increased the import duty on gold to a record 10 per cent. However, relaxed partly in the month of May.
GoodReturns.in
More From GoodReturns
Gold & Silver Rates Today Live: MCX Gold Crashes By Rs 5,645, Silver Falls By Rs 16,540; 24K, 22K, 18K Gold
Crash in Gold Rate in India by Rs 71,400 in Single Day; Will Gold Price Today Fall Below Rs 1.50 Lakh? Outlook
Gold Price In India Rebounds After Rs 78,000/100 Gm Crash In 2 Days, Silver Rate Today Stable | March 20
1:1 Bonus, 1:5 Split, 39 Dividends: Hindustan Zinc Share Rally 3% As Silver Rates Jump: Buy This Vedanta Stock
1:5 Split Soon? Vedanta Ltd To Consider 3rd Interim Dividend On March 23, Share Jumps; Record Date & Buy Call
Gold Rates & Silver Rates Today Live: MCX Gold & Silver Price Gives Up Some Early Gains; 24K, 22K, 18K Gold
Bengaluru Power Cut Today: Key Areas To Face 7-Hour Power Outage for BESCOM Maintenance On March 15| Full List
Gold Rates In India Crash Continues Today, 24K, 22K, 18K Gold Prices On Mar-16; Gold Rate Falls By Rs 41,400
Emirates, Etihad, Air India Express Cancel Dubai, Abu Dhabi, Dammam Flights on 16-17 March; Check Status Today
DigiLocker PVR Storage: How Indian Citizens Can Digitally Save Passport Verification Records?
Massive Crash in Gold Rate in India! 24K Plunges Nearly Rs 59,000 in Four Sessions; Will Slide Continue Today?
Sign in with Google