Jewellery stocks rise as Dhanteras 2026 triggers festive buying
Shares of Titan and Kalyan Jewellers climbed during Friday's trading session as consumers purchase precious metals for the auspicious occasion.
Jewellery stocks rose by as much as 4 per cent during Friday's trading session as India celebrates Dhanteras 2026, according to reports by Mint and Business Today. Major companies including Titan, Kalyan Jewellers, Senco Gold, Sky Gold and Diamonds, and PC Jeweller saw their share prices increase on 6 November.
Titan shares rose over 3.35 per cent to ₹4,996.70, while Kalyan Jewellers jumped over 4 per cent to ₹581.25. Other stocks such as PC Jeweller, Senco Gold, and Sky Gold and Diamonds also saw gains of 2 per cent. The rally comes amid expectations of higher jewellery purchases during the festive and wedding seasons.
The India Bullion and Jewellers Association (IBJA) fixed the price of 24-karat gold at ₹1,44,129 per 10 grams on 5 November. Domestic gold prices have corrected by more than 22 per cent from a peak of ₹1,80,000, with current prices hovering around ₹1,42,000.
Deveya Gaglani, Senior Research Analyst at Axis Direct, noted the correction and maintained a long-term bullish outlook with a price target of ₹1,65,000 to ₹1,80,000 by the next Dhanteras. Kranthi Bathini, Equity Strategist at WealthMills Securities, said the consolidation in prices could create opportunities for jewellery stocks.
Shoppers can verify purity using the Bureau of Indian Standards (BIS) hallmark, which includes the BIS logo, the purity grade, and a six-digit Hallmark Unique Identification (HUID) code. Precious metal jewellery attracts a flat GST rate of 3 per cent.