Major indices registered a decline of approximately 0.80% each, with mid-cap and small-cap indices also falling by around 1%, currency market shows weak trend as well

The government reduced gold duty drawback rates from Rs 704.1 to Rs 335.50 per gram and for silver items from Rs 8,949 to Rs 4,468.10 per kilogram. Duty drawback rates are refunds given to exporters to offset the customs duties paid on imported inputs

Joyalukkas plans to open 60 new stores in northern India within three years, aiming to boost revenue from the region. Expansion in Canada and Australia is also underway.