Jewellery stocks including Titan Company, Kalyan Jewellers India and Senco Gold fell up to 11 per cent on May 11, a day after Prime Minister Narendra Modi urged citizens to postpone buying “non-essential” gold for a year, among other measures, to reduce pressure on India’s widening current account deficit.
Titan, Kalyan Jewellers, Senco Gold Stocks Tumble After Modi’s Call To Hold Off On Precious Metal Buying
Kalyan Jewellers, Titan, Senco Gold share price: Jewellery stocks fell up to 11 per cent after PM Modi’s appeal to defer non-essential gold purchases for a year, triggering sharp selling pressure in jewellery counters
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