Titan Industries shares gain after India allows more banks to import gold

Mar 20 2014, 11:56 IST
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Shares of jewellery maker Titan Industries gain 4.4 per cent after reports that 5 private sector banks have been allowed to import gold. Shares of jewellery maker Titan Industries gain 4.4 per cent after reports that 5 private sector banks have been allowed to import gold.
SummaryTitan shares gain 4.4 pct after reports that private sector banks have been allowed to import gold.

Shares of jewellery maker Titan Industries Ltd gain 4.4 percent after reports that India had 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.

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

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