Budget 2026: Indian Jewellery companies’ shares fall up to 6% after Budget announcement

The glitter of jewellery stocks faded on Dalal Street this historic Union Budget 2026 Sunday session ahead of Nirmala Sitharaman’s speech in Lok Sabha. Shares of jewellery houses witnessed selling pressure, with Thangamayil Jewellery and Golkunda Diamonds taking the hardest knock, plunging nearly 6 per cent in early trade.

Gold and silver tumbled on the MCX on Sunday. Silver prices on the MCX cracked as much as 9 per cent, hitting the third circuit for the day, to Rs 2,65,652 per kg. Kalyan Jewellers India shares slipped as much as 1.7 per cent on the BSE, touching the day’s low of Rs 355.15 in early trade. Meanwhile, the Tata Group-backed Titan Company stock was down 0.99 per cent to Rs 3,937.95.