Jewellery stocks gain on reports of excise duty scrap on branded gold coins

Last Updated: Thu, Dec 01, 2016 15:26 hrs

Shares of Indian jewellery stocks gain; Titan Co Ltd rises as much as 3.06 pct, Gitanjali Gems Ltd soars as much as 9.64 pct.

Govt scraps excise duty on branded gold coins - local media reports.

Gold prices recovered slightly after touching a near 10-month low in early trade on Thursday as the dollar index eased. Lower prices can boost the demand for jewellery.

Tribhovandas Bhimji Zaveri Ltd surges as much as 13.03 pct, Shree Ganesh Jewellery House Ltd climbed as much as 4.44 pct.

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