Jewellery stocks like Kalyan Jewellers and Titan Company tumbled up to 6% after the government hiked customs duty on gold and silver imports to 15%. This move aims to narrow India’s trade deficit and support the rupee, but could dampen demand for precious metals. Organised players may fare better than smaller jewellers.
Jewellery stocks like Kalyan Jewellers and Titan Company tumbled up to 6% after the government hiked customs duty on gold and silver imports to 15%. This move aims to narrow India’s trade deficit and support the rupee, but could dampen demand for precious metals. Organised players may fare better than smaller jewellers. by Soban News (international And National News)