Jewellery Firms Fall on Concern Over Fresh Gold Import Curbs

Shares of jewellery companies fall after the Reserve Bank of India (RBI) said it was discussing increasing restrictions on gold imports.

Titan Company Ltd falls 0.95 per cent while Tribhovandas Bhimji Zaveri Ltd is down 1.67 per cent and Shree Ganesh Jewellery House slips 0.76 per cent.

On Monday, Reserve Bank of India deputy governor S.S. Mundra said policymakers are concerned that higher gold imports will worsen the trade deficit, after data showed India's gold imports in October surged nearly four-fold to $4.18 billion from a year ago.

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