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Jewellery Stocks Fall on Rising Uncertainty Over Gold Imports

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Jewellery Stocks Fall on Rising Uncertainty Over Gold Imports

Titan Company fell 1.58 per cent, while Gitanjali Gems was down 3.36 percent.

Six star trading houses under government lens for spike in imports, a news channel reported.

Separately, India's trade body asked members to curb gold coin sales.

India will take steps to curb gold imports soon, a senior finance ministry source told Reuters on Tuesday.

The move may reduce supply of gold, affect sales of jewellers, traders said.

Copyright: Thomson Reuters 2014

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