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VERIFIEDET Stocks·neutral
Titan, Kalyan Jewellers, other jewellery stocks in focus as Centre hikes gold customs duty to 15%
AI Summary
- ·The Centre has increased the customs duty on gold and silver imports to 15%.
- ·This policy change affects jewellery stocks including Titan Company and Kalyan Jewellers.
- ·The government's objective is to reduce demand, improve the trade deficit, and strengthen the rupee.