Jewellery

Jewellery shares climbed sharply on Thursday despite weakness in the wider market. Companies including Senco Gold and Kalyan Jewellers reported solid revenue growth and same-store sales gains for the April-June quarter.

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Gold jeweller stocks surged on Monday amid reports of reduced precious metal import prices and positive business updates. Companies such as Senco Gold and PC Jeweller posted significant year-on-year revenue growth. Analysts expect continued demand from the upcoming wedding season and festivals.