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Jewellery shares slip as RBI plans to curb gold imports

Shares of jewellery companies are trading lower on concerns that the RBI may increase the restrictions on gold imports.

Gold jewellery

Shares of jewellery companies are trading lower by up to 2.5% on concerns that the Reserve Bank of India (RBI) may increase the restrictions on gold imports.   Titan Company has shed 1%, Tribhovandas Bhimji Zaveri  is down 2.3%, Shree Ganesh Jewellery House has slipped 1.5% and Tara jewels has dipped 1%. However, shares of Gitanjali gems are trading with marginal losses.   On Monday, RBI deputy governor S.S. Mundra said policymakers are concerned that higher gold imports will worsen the trade deficit, after data showed India's gold imports in October ...