Sunday, 22 September 2013

Titan gains after resumption of gold imports - NDTV

Reuters | Updated On: September 23, 2013 10:34 (IST)

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Titan Company Ltd gained 1 per cent as India will start buying gold again after a two-month gap as the government and banks have agreed how new rules on imports should work, dealers said.

Banks and other importers had halted purchases as there was no clarity despite attempts by the central bank and customs authorities to ease confusion. The resulting impasse crimped supply and pushed up domestic prices.

Copyright: Thomson Reuters 2013

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