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Mar 02, 2015
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Jewellers upset by status quo on gold import duty
Jewellery company shares ended on a mixed note on Saturday after the government left the gold import duty unchanged, announced a monetisation scheme to harness idle household gold, proposed a sovereign gold bond to discourage physical buying of the metal and mandated PAN proof for any cash purchase above Rs 1 lakh. While Titan, Gitanjali Gems, PC Jeweller and Shree Ganesh Jewellery House fell between 0.6 and 7.4%, Rajesh Exports, Shrenuj and TBZ gained 0.5 and 4.4%, respectively.
Source -
http://economictimes.indiatimes.com
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