💨 Abstract

Indian jeweler Titan expects to pay higher interest rates for gold leasing due to increased shipments to the U.S. by bullion banks, causing a supply crunch in other regions. The rise in gold prices amid trade war fears makes fourth-quarter growth predictions difficult. Titan's third-quarter profit was above estimates, but it absorbed losses from inventory following reduced gold import taxes, which impacted second-quarter profits.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖