Union Budget 2015-16: Jewellery stocks gain on gold import duty cut hope
Gitanjali Gems rose 5 per cent, Titan Company was up 0.9 per cent. Traders hope import duty on gold would be cut by 2 per cent in 2015/16.
Last Updated: March 1, 2015 | 00:21 IST
The commerce ministry has pitched for a reduction in the import duty on gold in its budget recommendations to the ministry of finance to encourage gems and jewellery exports and manufacturing.