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Kalyan Jewellers gains as PC Jeweller, Senco and Sky Gold slip amid soaring gold prices
Indian jewellery stocks traded mixed as Kalyan Jewellers gained while PC Jeweller, Senco Gold and Sky Gold declined. Elevated gold prices support sector sales momentum, but recycling-led lower-margin sales, fewer wedding dates and a proposed 15% customs duty create profitability headwinds.
Newer report , , Moneycontrol : UBS initiates Kalyan Jewellers with Buy rating, sees 50% upside
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Reported figures
From the report. Source details below
| PC Jeweller fell as much as 1.42% to Rs 11.08; traded down 0.80% at | Rs 11.15 |
|---|---|
| Senco Gold fell as much as 1.30% to Rs 363.10; traded down 1.32% at | Rs 363.05 |
| Sky Gold fell as much as 1.62% to Rs 833.80; traded down 1.25% at | Rs 837 |
| 24K gold in India was Rs 1,60,000 per 10 grams, up Rs 600 or | 0.38% |
| 22K gold was Rs 1,46,667 per | 10 grams |
| Spot gold was $4,630.09 per ounce, up | 0.8% |
| US gold futures were $4,685.50, up | 0.7% |
| Customs duty hike to 15% cited for May | 2026 |
Also in the report
- Kalyan Jewellers rose as much as 2.01% to Rs 622.60; traded up 0.97% at Rs 616.20 at 10:43 am
- Indian 24K gold prices rose 12.5% over one month and 57.5% over one year
- Nuvama cited a nearly 60% year-on-year increase in average gold prices
The source
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