Gold stocks fall up to 6% as govt hikes import duty to 15%

Shares of Kalyan Jewellers, Titan Company and Senco Gold tumbled up to 6% after the government hiked import duty on several categories of gold, silver and other precious metals to 15%. Kalyan Jewellers was the worst hit, falling 6% to its day's low of ₹340.55. Hike comes days after PM Narendra Modi's appeal to not buy gold for a year.