Gold jewellery stocks fall for 2nd day after PM Modi's 'don't buy gold' call

Shares of jewellery companies are down for the second straight day on Tuesday after PM Narendra Modi advised citizens not to buy gold amid the Iran war crisis. Monday's fall had wiped out nearly ₹35,000 crore in their cumulative market capitalisation. Shares of Titan, Senco, and Kalyan Jewellers are down 1%, 1.5%, and 3%, respectively, on Tuesday after Monday's fall.