According to PTI reports, due to sluggish demand, gold imports are expected to more than halve to about 150 tonnes in the coming July-September quarter, against the projected 350 tonnes in the current quarter.
Gitanjali Gems is the top loser among jewellery stocks locked in 20% lower circuit at Rs 324 for the second straight session.
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Among other stocks in the sector, TBZ has dipped 4% to Rs 174, followed by Shree Ganesh Jewellery House slipped 2.6% to Rs 72.40, PC Jeweller was down 4.8% at Rs 85.
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