India’s Titan expects to pay more to source gold from bullion banks as supply shrinks – Markets

Indian jeweller Titan will likely have to pay higher interest rates to lease gold from bullion banks, which have increased shipments to the US 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…