Gold jumps 56%, silver 69% but jewellery stocks tumble 36% in 2025. Where is the money flowing?
Jewellery stocks have tumbled in 2025 despite strong Q1 earnings, with Senco Gold, Sky Gold, and Kalyan Jewellers posting PAT growth of 48-105%. Margin pressure and soaring gold and silver prices are dampening investor sentiment, while ETFs and electronic gold gain popularity. Experts advise caution, recommending focus on large, diversified players like Titan and Kalyan amid mixed near-term prospects.
Jewellery stocks have tumbled in 2025 despite strong Q1 earnings, with Senco Gold, Sky Gold, and Kalyan Jewellers posting PAT growth of 48-105%. Margin pressure and soaring gold and silver prices are dampening investor sentiment, while ETFs and electronic gold gain popularity. Experts advise caution, recommending focus on large, diversified players like Titan and Kalyan amid mixed near-term prospects.
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