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Jewellery shares lose shine: Why sector stocks plunged up to 9%

Jewellery stocks saw a sharp decline on Monday. Prime Minister Narendra Modi appealed to citizens to reduce gold purchases. This call aims to preserve foreign exchange reserves. Major jewellery companies experienced significant drops in their share prices. Investors reacted quick

First seen · 6:02 AM UTCMay 11, 2026

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The Times of India
CenterBennett, Coleman & Co. Ltd.
Jewellery shares lose shine: Why sector stocks plunged up to 9%Jewellery stocks saw a sharp decline on Monday. Prime Minister Narendra Modi appealed to citizens to reduce gold purchases. This call aims to preserve foreign exchange reserves. Major jewellery companies experienced significant drops in their share prices. Investors reacted quick
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