Jewellery stocks fall after PM Modi asks Indians to avoid buying gold

Major jewellery stocks fell on Tuesday after PM Narendra Modi urged Indians to avoid buying gold unless necessary. Kalyan Jewellers India dropped 6.11% to ₹576.85, while Titan fell 1.24% to ₹5,052. Thangamayil Jewellery declined 1.79% to ₹5,314.50, and Muthoot Finance slipped 1.48% to ₹2,945 on the BSE. Senco Gold was the only major jewellery stock in the green, rising 1.13%.