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The Central government had earlier allowed duty free raw sugar imports of 0.5 million tons.
"Akshaya Tritiya 2017 will herald a boom for the jewellery sector," said Nitin Khandelwal, Chairman, GJF.
US WTI crude oil futures were trading down 13 cents, or 0.3 per cent, at $49.43 per barrel at 0416 GMT.
The yellow metal was trading 0.36 per cent, or Rs 104, down at Rs 28,710 per 10 gm around 10.10 am (IST).
The yellow metal was trading 0.36 per cent, or Rs 104, down at Rs 28,710 per 10 gm around 10.10 am (IST).
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