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Gold import duty hike to hurt jewellery trade, spur grey market: GJC
The gems and jewellery industry is likely to face challenging times ahead following the hike in gold import duty to 15 per cent, from 4 per cent earlier, a move that could spur the grey market, the All India Gems and Jewellery Council (GJC) said on Wednesday. "Business is now going to become difficult on the back of the Prime Minister's austerity measures and following the import duty hike in bullion. What the industry fears is that this will give rise to grey market... smuggling is likely to grow, setting up a parallel economy in the country," GJC chairman Rajesh Rokde told PTI. Explaining the duty hike, Rokde said, now the import duty that includes Customs Duty, GST and Agricultural Cess will make gold costlier by around Rs 27,000 per 10 grams from the earlier Rs 13,500/10 gm. He said the GJC has called an all-associations meeting of the industry in Mumbai on Wednesday to mull over the recent policy decisions and decide on further action. Meanwhile, jewellery retailer Senco Gold
Titan, Kalyan Jewellers to Senco Gold: Jewellery stocks slump up to 6% after gold, silver import duty hike
Jewellery stocks faced significant selling on May 13 after the government increased customs duties on gold and silver to 15%. Major companies like Kalyan Jewellers and Titan saw declines up to 6%, raising concerns over input costs and demand.
Gold duty hike hits jewellery stocks: Kalyan, Senco Gold fall up to 6%
Jewellery stocks, including Kalyan Jewellers, Senco Gold, PN Gadgil and Thangamayil, fell after the government raised gold import duty to 15 per cent. Analysts warn higher gold prices may hurt demand
Titan, Kalyan, Senco Gold shares fall up to 5% after customs duty hike on gold imports, ₹50,000 crore rout
Titan, Kalyan Jewellers and Senco Gold have already sold off over the last two sessions, with declines ranging from 11% to as high as 15% across Monday and Tuesday, losing over ₹50,000 crore in market capitalisation.
India’s gold import duty hike to 15% may remain for a year, says Senco MD Suvankar Sen
India's higher import duty on gold and silver could impact jewelry demand for a year, Senco MD Suvankar Sen said. Senco Gold predicts volumes may drop 10-15 percent and consumers may opt for lighter jewelry. This move aims to conserve foreign exchange reserves and protect economic stability amid global uncertainty.
Kalyan Jewellers, Titan, other jewellery stocks crash up to 6% as Centre hikes gold customs duty to 15%
Jewellery stocks like Kalyan Jewellers and Senco Gold tumbled up to 6% after the government hiked customs duty on gold and silver imports to 15%. This move aims to narrow India's trade deficit and support the rupee, but could dampen demand for precious metals. Organised players may fare better than smaller jewellers.
Titan, Kalyan Jewellers & other gold stocks tumble up to 14% in two days after PM Modi's appeal. What lies ahead?
Gold jewellery stocks including Titan, Kalyan Jewellers and Senco Gold fell up to 14% in two sessions after PM Modi urged citizens to reduce gold purchases amid rising oil prices and FX pressures. Brokerages flagged possible policy signals, including import curbs and tighter capital controls, though analysts say long-term demand remains structurally strong.
Jyothy Labs Ltd leads losers in 'A' group
ABB India Ltd, Kalyan Jewellers India Ltd, Senco Gold Ltd and Aditya Birla Real Estate Ltd are among the other losers in the BSE's 'A' group today, 11 May 2026.
Jewellery stocks: Senco, Kalyan, Titan, Sky Gold slip up to 12%; here's why
Shares of jewellery companies witnessed selling pressure on Monday after PM Modi urged citizens to abjure from purchasing gold and gold jewellery for the next one year.
Jewellery Stocks Lose Sheen As PM's Appeal Sparks Sell-Off — Senco Plunges 10%, Titan, Kalyan Sink
Shares of major jewellery makers such as Titan, Senco, Kalyan Jewellers were in red today
Titan, Senco Gold, Kalyan Jewellers shares fall up to 10% on Monday; Key factors explained
India is the world's second-largest gold consumer, and had imported an average 60 tonnes per month of Gold during financial year 2026, averaging a monthly cost of $6 billion.
Titan, Kalyan, Senco, Sky Gold among other jewellery stocks crash up to 12% after PM Narendra Modi’s speech - Mint
Titan, Kalyan, Senco, Sky Gold among other jewellery stocks crash up to 12% after PM Narendra Modi’s speechMint