Titan gains after RBI allows more banks to import gold

The RBI yesterday allowed five domestic private sector banks to import gold, in what industry officials say could be a significant step towards easing of tough curbs on the metal imposed last year.

The move could boost gold supplies and bring down premiums for the metal in the world's second-biggest consumer after China.

At 12:02 p.m, Titan shares were up 1.3 per cent at Rs  258.10.