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Jewellery stocks fall on India govt’s effort to curb gold sales – Retail in Asia

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Jewellery stocks fall on India govt’s effort to curb gold sales

Jewellery stocks were down a second consecutive day on Thursday, as traders fear a fall in sales following stringent guidelines set by the government to tackle the cash flow into gold. This is in spite of the BSE sensitive index (Sensex) gaining 207.89 points to 19,570.44 and Nifty closing 79.64 points higher at 5,908.95.