Titan, Kalyan, Senco, Sky Gold Among Other Jewellery Stocks Crash up to 12% After PM Narendra Modi’s Speech

Jewellery traders seek meeting with PM Modi under CTI as gold purchase pause stirs industry concern

During his speech on Sunday, PM Modi urged Indians to avoid gold purchases for at least one year, linking the appeal to pressure on India's foreign exchange reserves amid global economic uncertainty.

Impact Of PM Modi's Speech Out: Jewellery Stocks Take The First Hit

Gold Price Today: Investors dumped jewellery stocks on fears that demand could slow, especially during weddings and festive purchases.

Gold, jewellery stocks plunge over 10% after PM Modi urges investors to delay purchases

Titan's share price declined over 7% to hit a low of Rs 4,153 while Kalyan Jewellers, Sky Gold and Senco Gold tanked more than 10% each on the exchanges.

Markets Fall; Jewellery Stocks Hit by PM Modi’s Gold Remark

Weak global cues from Wall Street futures and Prime Minister Narendra Modi’s appeal to curb foreign exchange outflows added pressure to domestic markets

Titan, Kalyan, Senco, Sky Gold among other jewellery stocks crash up to 12% after PM Narendra Modi’s speech

Titan share price declined as much as 6.4%, Kalyan Jewellers shares dropped 8.3%, Sky Gold stock price plunged 12.2%, Senco Gold stock tanked 10.7%, PN Gadgil Jewellers shares slipped 7%, PC Jeweller shares fell 5% and Tribhovandas Bhimji Zaveri shares cracked 6.3%.

Titan, Senco, Kalyan shares drop as India's PM urges pause in gold buying

Indian jewellery retailer stocks fell sharply on Monday after Prime Minister Narendra Modi urged consumers to avoid buying gold jewellery for a year in a bid to preserve foreign exchange and support the rupee. The development raised fresh concerns about demand in one of the world’s most important bullion markets.Shares of companies including Titan, Senco Gold and Kalyan Jewellers fell between 6 per cent and 8 per cent as investors moved to price…