Jewellery stocks take Rs 60,000 crore hit in 3 days on govt's double-blow. Is the worst behind?
- Posted on May 13, 2026
- By Business News Today
- 0 Views
- 1 min read
Jewellery stocks take Rs 60,000 crore hit in 3 days on govt's double-blow. Is the worst behind?
Jewellery stocks have plunged up to 20% in three sessions, erasing nearly Rs 60,000 crore in investor wealth after PM Narendra Modi urged households to defer gold purchases and the government hiked import duties. The double blow has rattled sentiment, though analysts see no structural threat to Indias long-term gold demand.
