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Gems & jewelry cos may see inventory gain
Published on Fri, Sep 21 at 14:14 , Updated at Fri, Sep 21 at 15:23
Source : Moneycontrol.com
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Gold prices (spot) has been hovering around its 28 year high in European market as dollar sank to a record lows against euro and oil prices touching new highs. This has raised the precious metals appeal for investors. Gold rose as high as USD 730 an ounce on Thursday, it’s higher since Jan 1980. Indian gems & jewelry companies whose major raw materials are gold are likely to make significant inventory gains on account of flying gold prices all over the world. The companies like Rajesh Exports, Parekh Platinum, Su-Raj Diamonds (India), Titan Industries (Tanishq), Surana Industries and Goldiam International are expected to make handsome gains on their inventories. Table below shows the quantity and values of some of the leading players in the gold gems & jewelry business in India.
Name Yr End Product Qty Unit Value in Rs cr Rajesh Exports 200603 Gold 77689.476 Kg 5451.64 Parker Agrochem E 200503 Gold 21288100 Gms 1403.16 Parekh Platinum 200203 Gold 17827.02 Kg 814.9 Su-Raj Diamonds (India) 200603 Gold 8463761 Gms 617.52 Titan Industries 200603 Gold 7869 Kg 569.09 Surana Industries 200603 Gold 1138 MT 72.28 Gitanjali Gems 200603 Bullion 808 Kg 58.91 Goldiam International 200603 Gold 399730.7 Gms 26.76 Shrenuj and Company 200603 Gold 313718 Gms 19.77 |
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