Four jewellery stocks fell 0.04% to 2.18% while 4 stocks rose 0.02% to 2.59% at 11:26 IST on BSE on reports the jewellers can open accounts with the banks and get a gold loan wherein they will receive physical delivery of gold from the refiners.
Thangamayil Jewellery (down 2.18%), Gitanjali Gems (down 1.26%), Shree Ganesh Jewellery House (I) (down 0.34%) and Titan Company (down 0.04%) edged lower. Rajesh Exports (up 0.02%), Tribhovandas Bhimji Zaveri (up 0.3%), PC Jeweller (up 2.59%) and Tara Jewels (up 2.57%) edged higher.
Meanwhile, the S&P BSE Sensex was up 235.90 points or 0.85% at 27,881.43.
As per the draft gold monetization scheme proposed by the government yesterday, 19 May 2015, the jewellery retailers can open accounts with the banks and get a gold loan wherein they will receive physical delivery of gold from the refiners. The gold monetization scheme was announced by Finance Minister Arun Jaitley in the Union Budget 2015 announced in February 2015.
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