Shares of Kalyan Jewellers India, Thangamayil, Senco Gold, among others in the sector, declined up to 2% on Friday after the Directorate General of Foreign Trade tightened rules governing duty-free gold imports by gems and jewellery exporters.
Following the development, Senco Gold slipped 2% to Rs 328 on the BSE, while Thangamayil Jewellery was down 1.8% to Rs 3,545. Kalyan Jewellers India also opened in the red, albeit marginally at Rs 365 per share. On the flipside, Titan Comapny was resilient, up more than half a percent on Friday.
