Indian Jewellery Stocks Slide Up to 6% Following Prime Minister Modi’s Appeal Against Gold Purchases
Shares of major Indian jewellery firms dropped sharply after Prime Minister Narendra Modi urged citizens to limit non-essential gold buying to conserve foreign exchange reserves.
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Titan Company, Sky Gold, other shares fall up to 6% on PM Modi’s second appeal to avoid gold
Jewellery stocks fell after Prime Minister Narendra Modi urged citizens to avoid non-essential gold purchases. The appeal, aimed at conserving foreign exchange, follows a similar call made by Modi in May to avoid gold purchases for weddings for a year.
Read full article →Titan, Kalyan Jewellers, Thangamayil fall up to 2.25% as PM Modi again urges restraint on gold buying - Moneycontrol.com
Titan, Kalyan Jewellers, Thangamayil fall up to 2.25% as PM Modi again urges restraint on gold buying Moneycontrol.com
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