Indian jewellery stocks fall as govt hikes gold, silver import duty

Tribhovandas Bhimji Zaveri

23/01/2024 06:45

** Shares of Indian jewellers fall 2%-4.5% after govt raised
import duty on gold and silver findings, and coins 
    ** Kalyan Jewellers  KALN.NS , PC Jeweller  PCJE.NS ,
Vaibhav Global  VAIB.NS  down 2%-4.5%; Goldiam International
 GOLI.NS  Tribhovandas Bhimji Zaveri  TBZL.NS  down 4%-2%
    ** KALN only "Buy" rated stock on average after Titan
 TITN.NS  among jewellery stocks - LSEG
    ** KALN top performer last year among jewellery stocks,
gaining 179%
    

 (Reporting by Sethuraman NR in Bengaluru)
 ((Sethuraman.NR@thomsonreuters.com; (+91 9945291420); Reuters
Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))