Jewellery stocks crater 3-4.5% as Modi urges Indians to curb gold buys, foreign travel amid oil spike

Titan, Senco Gold and Kalyan Jewellers fell 3-4.5% while IndiGo dropped 3.2% after PM Modi's appeal to rein in gold purchases and overseas trips. Backdrop: oil up 4.33% to $105.6/bbl on stalled US-Iran talks, rupee at 94.90/USD, Nifty -0.85%, Sensex -0.89%.

Titan, Senco Gold and Kalyan Jewellers fell 3-4.5% while IndiGo dropped 3.2% after PM Modi's appeal to rein in gold purchases and overseas trips. Backdrop: oil

Indian Express · Business · 5/15/2026, 1:55:15 AM · Ask about this →

Titan + BPCL + HPCL + Indian Oil + InterGlobe Aviation + Kalyan Jewellers + Senco Gold +