Mumbai, May 11 (IANS) Shares of jewellery companies witnessed sharp selling pressure on Monday after Prime Minister Narendra Modi urged citizens to defer non-essential gold purchases as part of broader austerity measures aimed at conserving foreign exchange reserves amid the ongoing West Asia crisis.Investors rushed to trim exposure to gold-linked counters amid fears that the Prime Minister’s appeal could weigh on jewellery demand in the coming months.Shares of Titan Company plunged as much as…
Latest Kalyan Jewellers India News & Updates
New Delhi, April 17 (IANS) Shares of Kalyan Jewellers India fell sharply on Friday after reports suggested that banks in India have halted fresh imports of gold and silver, triggering concerns across the jewellery sector. The stock initially dropped nearly 6 per cent during intra-day trade, but later recovered some losses to trade 2.86 per cent lower.According to reports, large quantities of precious metals are currently stuck at customs as a formal government order authorising bullion imports h…