Gems & jewelry cos may see inventory gain

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Gems & jewelry cos may see inventory gain

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.

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Goldiam Inter BSE | NSE 30/05/12 Are Mutual Funds betting on Goldiam Inter? Other Stocks in this news Rajesh Exports | Su-raj Diamonds and Jewellery | Titan Industries |

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.