Thangamayil Jewellery (down 2.25%), C Mahendra Exports (down 2.20%), Titan Industries (down 1.06%), Tribhovandas Bhimji Zaveri (down 0.74%), Rajesh Exports (down 0.56%) and PC Jeweller (down 0.17%), edged lower.
The BSE Sensex was down 128.89 points, or 0.66% at 19,439.33.
The gold, the demand for which is mostly met for imports, will now attract 8% import duty against 6% levied earlier. The duty changes will be effective immediately.
The government and the Reserve Bank of India (RBI) have taken several measures in the past few months to tame gold imports, which is partly blamed for the widening of the current account deficit (CAD). CAD, the difference between inflow and outflow of foreign currency, touched an all-time high of 6.7% of the gross domestic product (GDP) in the quarter ended December 2012.
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