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Titan Industries shares gain after resumption of gold imports

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Titan Industries gains 1 percent as India is set to start purchasing again after a 2 month gap. (Reuters) Titan Industries gains 1 percent as India is set to start purchasing again after a 2 month gap. (Reuters)
SummaryDomestic prices were up as banks and other importers halted purchases.

Titan Industries Ltd gains 1 per cent as India will start buying gold again after a two-month gap as the government and banks have agreed how new rules on imports should work, dealers say.

Banks and other importers had halted purchases as there was no clarity despite attempts by the central bank and customs authorities to ease confusion. The resulting impasse crimped supply and pushed up domestic prices.

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