Jewellery stocks rally as gold prices surge; Kalyan leads with 10.65% jump
Indian jewellery stocks rallied Monday on strong global gold cues. Kalyan Jewellers led the pack with a 10.65% surge to Rs 381.35, followed by Sky Gold (+5.24%), Senco (+4.09%), PC Jeweller (+3.58%) and Titan (+2.07%). MCX gold rose 1.6% to Rs 1,52,940/10g as international gold hit $4,314.98/oz.
What happened
Indian jewellery stocks rallied Monday as gold prices climbed on strong global cues. Kalyan Jewellers led with 10.65% gains, followed by Sky Gold, Senco, PC
Key facts
- Kalyan +10.65% to Rs 381.35
- Senco +4.09% to Rs 352.15
- Titan +2.07% to Rs 4,273.60
- Sky Gold +5.24%
- PC Jeweller +3.58%
- MCX gold +1.6% at Rs 1,52,940/10g
- intl gold $4,314.98/oz
Why this matters
Elevated jewellery valuations on the gold tailwind open a window for stock-funded M&A or secondary raises, but watch for a pullback if gold consolidates.