Wait...
Search Global Export Import Trade Data
Recent Searches: No Recent Searches

Jewellery stocks up on hopes of lifting gold import curbs.


Date: 20-02-2014
Subject: Jewellery stocks up on hopes of lifting gold import curbs
Shares of jewellery stocks were on buyers’ radar as Finance Minister P Chidambaram may be looking into removing restrictions on import of gold. Stocks like Gitanjali Gems, PC Jeweller, Shree Ganesh Jewellery House,  Thangamayil Jewellery and  Titan Company  rallied 2-4 percent intraday on Thursday.

"India cannot afford to import gold of USD 50-60 billion. People must understand that every ounce of gold is imported," Chidambaram had said.

However, BA Ramesh,Thangamayil Jewellery said in an interview to CNBC-TV18 unless the 80:20 scheme is relaxed, a duty cut may not of much help. The gold imports had risen to over 300 tonnes in the first two months (April-May) of the current fiscal.

The government raised import duty on the precious metal three times taking it to 10 percent and also made it mandatory to export 20 per cent of the total gold imported.

Following this gold imports came down to 19 tonnes in November. The CAD too was brought down to 3.1 percent in April-September of current fiscal, from 4.5 percent in the same period last year.

PC Jeweller ended at Rs 94.30, up Rs 3.30, or 3.63 percent, Gitanjali Gems closed at Rs 64.00, up Rs 0.05, or 0.08 percent, Titan Company was at Rs 232.60, up Rs 4.05, or 1.77 percent, Shree Ganesh Jewellery House (I) was at Rs 26.75, down Rs 0.15, or 0.56 percent, Thangamayil Jewellery wasat Rs 149.90, down Rs 0.10, or 0.07 percent on the BSE.

Source : moneycontrol.com

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+


What is New?

Date: 18-09-2025
Corrigendum
Corrigendum to Notification No. 9/2025 – Central Tax (Rate) dated 17.09.2025

Date: 17-09-2025
Notification No. 13/2025-Central Tax (Rate)
Seeks to amend Notification No. 21/2018- Central Tax (Rate) dated 26.07.2018.

Date: 17-09-2025
Notification No. 14/2025-Central Tax (Rate)
Seeks to notify GST rate for bricks.

Date: 17-09-2025
Notification No. 37/ 2025-Customs
Seeks to amend Notification No.19/2019-Customs dated 06.07.2019

Date: 17-09-2025
Notification No. 38/ 2025-Customs
Seeks to amend Notification No.29/2025-Customs dated 09.05.2025

Date: 17-09-2025
Notification No. 39/2025-Customs
Seeks to amend Notification No.50/2017-Customs, dated 30.06.2017

Date: 17-09-2025
NOTIFICATIONNo. 15/2025 – Central Tax
Seeks to exempt taxpayer with annual turnover less than Rs 2 Crore from filing annual return.

Date: 17-09-2025
NOTIFICATION No. 16/2025–Central Tax
Seeks to notify clauses (ii), (iii) of section 121, section 122 to section 124 and section 126 to 134 of Finance Act, 2025 to come into force.

Date: 17-09-2025
Notification No. 12/2025-Central Tax (Rate)
Seeks to amend Notification No. 8/2018- Central Tax (Rate) dated 25.01.2018.

Date: 17-09-2025
NOTIFICATION No. 14/2025 – Central Tax
Seeks to notify category of persons under section 54(6).



Exim Guru Copyright © 1999-2025 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.

EximGuru.com

C/o InfodriveIndia Pvt Ltd
F-19, Pocket F, Okhla Phase-I
Okhla Industrial Area
New Delhi - 110020, India
Phone : 011 - 40703001