Market Chatter: Titan Expects Short-Term Slowdown if Indian Government Curbs Gold Buying

MT Newswires Live

May 12

Indian jewelry major Titan (NSE:TITAN, BOM:500114) expects a temporary demand slump if the government proceeds with any policies to rein in gold buying, Bloomberg News reported Tuesday, citing the company's finance chief.

The firm expressed optimism that domestic consumption will remain resilient over time and expects no supply disruption for as long as four months, Titan Chief Financial Officer Ashok Sonthalia reportedly said in a Bloomberg interview.

Indian Prime Minister Narendra Modi called on citizens to avoid purchasing gold for a year to protect foreign exchange reserves, according to the report.

Titan's shares were down over 2% in recent trade.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TWI","symbol_name":"泰坦国际","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2634295769","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2634295769","pubTimestamp":1778573252,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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