Jewellery stocks crash up to 12% after PM Modi urges Indians to delay gold buying for a year
Titan, Kalyan, Senco and Sky Gold slid as PM Modi's call to postpone gold purchases to conserve forex amid Middle East tensions stoked fears of an import duty hike. Sky Gold fell 12.2%, Senco 10.7%, Kalyan 8.3%, Titan 6.4% — even as Titan and Kalyan posted strong Q4 FY26 results.
Jewellery stocks crashed up to 12% after PM Modi urged citizens to postpone gold purchases for a year to save forex amid Middle East crisis. Market fears a gold import duty hike. Titan and Kalyan also posted strong Q4 FY26 results.