business / news / / The Hindu Business Line
Prime Minister Narendra Modi urged citizens to postpone non-essential gold purchases.
Jewellery stocks fell sharply after PM Modi urged postponing non-essential gold purchases.
KEY POINTS
- Titan Company shares dropped up to 8% despite strong Q4 earnings announced last week.
- Sky Gold and Diamonds shares saw the steepest fall, dropping over 12% during the session.
- Investors now fear a prolonged slowdown in gold demand due to the government's forex conservation push.
COMPANIES
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