Reuters Market Eye - Titan Company falls 1.58 percent, Gitanjali Gems down 3.36 percent.
Six star trading houses under government lens for spike in imports, news channel CNBC TV18 reported.
Separately, India's trade body asks members to curb gold coin sales.
India will take steps to curb gold imports soon, a senior finance ministry source told Reuters on Tuesday.
Move may reduce supply of gold, affect sales of jewellers - Traders.
(Reporting by Abhishek Vishnoi)