National News
Titan expects to pay more to source gold from bullion banks as supply shrinks
Titan may face higher interest rates for leasing gold as bullion banks redirect supply to the U.S. due to high premiums on gold futures. This shift is causing a supply crunch and fluid interest rates. Titan’s growth outlook is uncertain amid fluctuating gold prices and potential U.S.-China trade tensions, despite strong third-quarter profits.
Indian jeweller Titan will likely have to pay higher interest rates to lease gold from bullion banks, which have increased shipments to the U.S. in search of bigger profits, tightening supply in other regions, the company said on Wednesday.
Jewellers such as Titan, which owns the Tanishq and CaratLane brands, lease gold from bullion banks, which import the metal, to avoid inventory risks due to fluctuation in prices of the yellow metal.
Global bullion banks are flying gold into the U.S. from trading hubs catering to Asian consumers to capitalize on the unusually high premium that U.S. gold futures are enjoying over spot prices, Reuters reported this week.
GJEPC’s Delhi Regional Office held a focused Outreach Session on bullion procurement through India International Bullion Exchange (IIBX) and MSME scheme benefits on 2 December 2025. The event drew 52 jewellers, bullion dealers and TRQ holders.
Ashok Seth, Co-Convener – Northern Regional Sub-committee, opened the session by welcoming participants. Mukesh Sharma, Head – Business Development, IIBX, led the first segment with a walkthrough of how the IIBX can support bullion imports, gold price risk hedging and access for Advance Authorisation licence holders, Qualified Jewellers and TRQ holders.
Attendees also received an update on MSME scheme benefits from Hemant Sharma, Under Secretary, Ministry of MSME, who outlined key support measures available to the sector.
In his concluding note, Ashuthosh Srivastava, Regional Director (North), GJEPC, urged the industry to make use of the AEO Programme and the Trade Connect platform. He also shared updates on IIJS Bharat Signature 2026 and encouraged members to participate in the upcoming edition.
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