Jewellery stocks fall after PM Modi’s gold buying appeal
Shares of jewellery companies came under pressure in early trade on Monday after Prime Minister Narendra Modi urged citizens to avoid purchasing gold jewellery for one year amid concerns around foreign exchange outflows and global uncertainties. Titan Company, Kalyan Jewellers, Senco Gold and PN Gadgil Jewellers were among the major losers in morning trade, while broader sentiment across the jewellery…
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