Indian Jewellery Retailers
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Signals
Jewellery retailers slump second day as PM Modi urges Indians to skip gold for a year
Indian markets fell 2% with Sensex at 74,559 and rupee at record 95.63/USD. Jewellery stocks extended losses on Modi's call to defer gold purchases, signalling a possible policy shift that could reset demand for India's largest discretionary category.
Indian Express · Business · 5/15/2026, 1:46:30 AM