Record gold prices, soaring sales: The paradox of India’s jewellery stocks
The surge in gold prices to record levels of Rs 1,20,000 per 10 grams has dampened investor appetite for jewellery retail shares. However, several jewellery retailers have surprised investors on Dalal Street over the past few trading sessions with strong sales updates for the September 2025 quarter. And with leading jewellery retail chains trading at very high valuations, investors need to be careful before making any fresh investments in stocks from this sector.
The surge in gold prices to record levels of Rs 1,20,000 per 10 grams has dampened investor appetite for jewellery retail shares. However, several jewellery retailers have surprised investors on Dalal Street over the past few trading sessions with strong sales updates for the September 2025 quarter. And with leading jewellery retail chains trading at very high valuations, investors need to be careful before making any fresh investments in stocks from this sector.
What's Your Reaction?
:max_bytes(150000):strip_icc()/GettyImages-2187410260-5afe56694791404f99c253dd8d5abe6a.jpg?#)
