Titan, Kalyan Jewellers rally up to 7% as FM slashes customs duty on gold, silver to 6%

In this year's Union Budget, the Indian jewellery industry sought a reduction in gold import duty, along with a 0.5% concession on imports through the India International Bullion Exchange. Additionally, the industry requested permission to export through IIBX and for all gold imports to be exclusively channelled through this exchange.