Gold-linked shares drop following PM Modi's appeal to limit purchases
On Tuesday, shares of companies associated with gold saw a decline after Prime Minister Narendra Modi once again urged citizens to refrain from purchasing the metal unless it is essential. Kalyan Jewellers India experienced the steepest drop, with its stock price sliding 5.76% to ₹579. Other companies, including Titan Company, Muthoot Finance, Thangamayil Jewellery, and PC Jeweller, also saw their share prices fall. During his address, PM Modi stated, "We should refrain from buying gold unless absolutely necessary."
by shortkt.com✓