Home / India News / Titan Industries falls 12 percent after government curbs gold imports

Titan Industries falls 12 percent after government curbs gold imports

Last Updated : Aug 16 2013 | 3:55 PM IST

MUMBAI (Reuters) - Titan Industries shares slump 12.11 percent after the Reserve Bank of India banned imports of gold coins and medallions and required domestic buyers to pay cash for the yellow metal, among other measures.

Analysts said this would increase interest costs and hurt margins for players like Titan.

(Reporting by Abhishek Vishnoi; Editing by Prateek Chatterjee)

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First Published: Aug 16 2013 | 3:48 PM IST