Gold jewellery stocks  remain in the limelight  as price shoots up

Gold jewellery stocks have been in the limelight as the precious metal has risen to record high levels, and with sector sentiment boosted by GST 2.0 reforms, along with investor preference for safe-haven assets amid uncertainties over Trump tariffs.

Kalyan Jewellers’ share price was trading in green, and was marginally up in Wednesday’s trading session. Meanwhile, Titan, Senco Gold, PN Gadgil Jewellers shares were down up to 1 per cent on September 10. Other jewellery stocks like Sky Gold and Diamonds shares were trading 3 per cent down. However, analysts maintain that despite weak trading, it is wise to remain bullish on jewellery stocks, and investors keep track of Titan, Kalyan Jewellers and Senco Gold shares.

Although the Indian gems and jewellery industry didn’t get direct tax relief, GST rate cuts in other sectors could boost consumer disposable income, indirectly supporting jewellery demand, especially during festive seasons. Key GST 2.0 measures, like benefits for diamond importers and packaging materials, are expected to lower costs for exporters and retailers, improving long-term performance.