Kalyan Jewellers shares extend rally, up 47% in 4 days on strong Q1 update Kalyan Jewellers shares continued their upward trajectory, surging 47% over four consecutive trading sessions as of July 13, 2026, driven by a robust business update for the April-June quarter of the financial year 2026-27 (FY27). The stock climbed to a high of ₹521.85 on the National Stock Exchange (NSE), marking a 9.59% increase from its previous close of ₹476.15. This rally occurred amid a generally weak Indian stock market sentiment, influenced by escalating tensions between the U.S. and Iran and the potential blockade of the Strait of Hormuz. Despite broader market declines, Kalyan Jewellers’ shares outperformed, with the Nifty 50 index recovering slightly to trade at 24,154, down 0.20% from its early session levels. The stock’s strong performance was attributed to the company’s Q1 FY27 financial results, which revealed significant revenue growth. Consolidated revenue for the quarter ended June 30, 2026, rose approximately 38% year-on-year (Y-o-Y), fueled by heightened demand in both domestic and international markets. Domestic operations saw a 38% revenue increase, supported by a 28% growth in same-store sales (SSSG), despite the quarter being affected by the 28-day Adhik Maas period. Globally, the company reported a 35% revenue rise, with the Middle East contributing 30% of total international revenue. International markets accounted for around 14% of the company’s consolidated revenue during the quarter. Kalyan Jewellers expanded its physical presence by launching 12 Kalyan showrooms and 5 Candere showrooms in India during the quarter. Its digital platform, Candere, also saw a 112% revenue growth in Q1, highlighting the company’s growing e-commerce footprint.#nifty_50 #national_stock_exchange #motilal_oswal #kalyan_jewellers #candere
Indian Stock Market Rebounds Sharply as Sensex and Nifty Rise Over 0.8% The Indian stock market experienced a significant rebound on Thursday, with the Sensex and Nifty 50 indices surging more than 0.8% each to recover from steep losses incurred the previous day. The sharp recovery followed a dramatic selloff on Wednesday, which had erased over Rs 8 lakh crore in investor wealth. The rebound was driven by broad-based buying across most sectoral indices, despite lingering weakness in the benchmark indices. Realty stocks led the gains, followed by healthcare, midcap healthcare, consumer durables, pharma, and media sectors. Banking, FMCG, and financial services also remained firm, while IT stocks were the only major laggard, reflecting continued pressure on technology shares. Metal stocks traded largely flat. The rally was supported by global market movements, with the S&P 500 futures showing little change, the Nikkei 225 futures rising 1.5%, and the Topix climbing 0.5%. In contrast, the Shanghai Composite fell 0.6%, and the Hang Seng and S&P/ASX 200 declined by 0.5% and 0.7%, respectively. The recovery was further bolstered by positive developments in specific stocks. Ather Energy shares saw a significant rally, with Nomura raising its target price due to expectations of accelerated electric two-wheeler adoption. The brokerage highlighted new affordable scooter launches and an upcoming manufacturing plant as factors that could strengthen the company's position in the mass-market EV segment. Additionally, Kalyan Jewellers shares surged 11%, extending a two-day rally to over 15% following a robust Q1 business update. The Nifty 50 index crossed the 24,000 mark, with the Sensex jumping over 450 points.#sensex #nifty_50 #indian_stock_market #kalyan_jewellers #ather_energy
Gold Price Trends in India on June 29, 2026: Retailers Report Slight Decline Gold prices in India experienced a marginal decline across major retail chains on June 29, 2026, providing temporary relief to buyers. The 22-carat gold jewellery price stabilized at Rs 13,110 per gram in leading cities such as Delhi, Mumbai, Chennai, and Hyderabad. This marks a slight decrease from the previous day’s rate of Rs 13,240 per gram and the day before’s Rs 13,195 per gram. The decline was observed at prominent brands including Tanishq, Malabar Gold & Diamonds, Kalyan Jewellers, and Joyalukkas. The Indian Bullion and Jewellers Association (IBJA) released indicative retail selling rates for gold and silver on June 29, 2026, which serve as a benchmark for the industry. For gold, the rates included Rs 14,191 per gram for fine gold (999 purity), Rs 13,851 per gram for 22-karat gold, Rs 12,630 per gram for 20-karat gold, Rs 11,495 per gram for 18-karat gold, and Rs 9,153 per gram for 14-karat gold. Silver prices were set at Rs 2,21,600 per kg. The decline in gold prices followed a four-week losing streak, with the metal retreating nearly 30% from its January 2026 peak of $5,597. Prithviraj Kothari, managing director of RiddiSiddhi Bullions Ltd. and president of IBJA, attributed the trend to hawkish monetary policy by the U.S. Federal Reserve. Fed Chair Kevin Warsh’s emphasis on price stability amid accelerating PCE inflation—4.1% year-on-year—has led markets to anticipate three rate hikes in 2026, with a 62% probability of a September increase. Global geopolitical factors also influenced the gold market. While U.S.-Iran military exchanges in the Gulf briefly boosted safe-haven demand, rising crude oil prices above $70 intensified inflation concerns. Silver prices fell nearly 10% to $55.#malabar_gold_diamonds #kalyan_jewellers #tanishq #joyalukkas #indian_bullion_and_jewellers_association
Gold Prices Rise Slightly on June 22, 2026, with 22k Rates at Key Retailers Gold prices saw a marginal increase on June 22, 2026, with 22k gold jewellery priced at Rs13,475 per gram at Tanishq across major Indian cities including New Delhi, Mumbai, Chennai, Kolkata, Thiruvananthapuram, Coimbatore, and Bengaluru. This marks a slight rise from the previous day’s rate of Rs13,435 per gram. Other prominent retailers such as Malabar Gold & Diamonds, Kalyan Jewellers, and Joyalukkas also reported similar rates, with 22k gold priced at Rs13,430 per gram. The price movement was influenced by broader economic and geopolitical factors. Prithviraj Kothari, managing director at RiddiSiddhi Bullions Ltd. and president of the India Bullion and Jewellers Association (IBJA), noted that the Federal Reserve’s recent meeting delivered a hawkish stance. The Federal Open Market Committee (FOMC) maintained interest rates at 3.50%–3.75% but adjusted its communication, shortening the statement to 130 words from 341 and raising its 2026 PCE inflation forecast to 3.6% from 2.7%. Nine of 18 Fed officials now anticipate at least one rate hike before the end of 2026, with markets pricing a 90% probability of such action. Geopolitical tensions also impacted gold prices. A brief US–Iran ceasefire temporarily reduced the premium for gold linked to conflict risks, but the situation deteriorated when Geneva talks collapsed and Iran reblocked the Strait of Hormuz. Additionally, the People’s Bank of China (PBoC) purchased eight tonnes of gold in April, providing a floor to prices. On the global markets, COMEX gold found support between $4,100 and $4,050 per ounce, while silver held around $63 per ounce. The May PCE inflation data, scheduled for release on June 25, is expected to be a key factor in determining near-term price trends.#federal_reserve #malabar_gold_diamonds #kalyan_jewellers #tanishq #joyalukkas
India Raises Gold Import Duty to 15%, Sparking Market Turmoil The Indian government has significantly increased the import duty on gold and silver, raising it from 6% to 15% as of May 13, 2026. This decision has led to a sharp rise in taxes on gold imports, with a 10-gram gold bar now subject to a tax of approximately ₹27,000. The move is expected to heavily impact consumers, as the tax alone could increase the price of gold by ₹13,500 per 10 grams, creating a substantial financial burden for buyers. The government cited the need to stabilize the rupee and reduce the trade deficit as key reasons for the hike. With the Indian rupee weakening against the US dollar, the policy aims to curb the outflow of foreign exchange by making gold imports more expensive. India relies heavily on gold imports, with nearly all of its gold supply coming from abroad. Last year, the country imported 710 tons of gold, contributing to a significant trade deficit. The higher import duty is intended to discourage excessive gold imports and bolster the foreign exchange reserves. The decision follows Prime Minister Narendra Modi’s recent appeal for citizens to avoid non-essential gold purchases and delay overseas travel. The move comes amid global economic uncertainty, including the impact of the Iran conflict in the Middle East, which has disrupted international trade. Experts believe the policy will encourage consumers to shift toward alternative investments and prioritize domestic economic growth over gold as a store of value. The jewelry market has already reacted sharply to the news. Shares of major jewelry companies like Titan and Kalyan Jewellers saw steep declines, with analysts predicting a potential 10% drop in gold demand. Industry insiders suggest that consumers may opt for lighter, more affordable jewelry to mitigate the cost impact.#india #indian_rupee #narendra_modi #titan #kalyan_jewellers
Gold Prices Rise Amid Policy Calls for Gold Lending Reforms Gold prices remained elevated on May 12, 2026, with leading jewelry brands reporting upward trends in 22k gold rates across major Indian cities. The surge follows Prime Minister Narendra Modi’s recent call for citizens to temporarily reduce non-essential gold purchases for the next year to ease pressure on India’s foreign exchange reserves and imports. The India Bullion and Jewellers Association (IBJA) has since advocated for policy reforms to better utilize domestic gold holdings, emphasizing the need for regulated lending and borrowing mechanisms. The IBJA highlighted that the current Income Tax Act restricts individuals from lending or borrowing gold to jewelers of their choice, limiting the potential for domestic gold to contribute to economic stability. In a social media post on X, the association stated, “India’s current account deficit is linked to the Income Tax Act. Amend the Income Tax Act to allow borrowing and lending of commodities (Gold). Currently, a holder of household gold cannot lend gold to jewellers of his choice as the Income Tax Act does not permit this. India needs a regulated exchange platform for lending and borrowing of gold similar to equity lending and borrowing, which is already permitted.” The association’s call for policy changes comes amid a broader context of rising gold prices. On May 12, 2026, major jewelry brands such as Tanishq, Malabar Gold & Diamonds, Kalyan Jewellers, and Joyalukkas reported higher rates for 22k gold. For instance, Tanishq’s 22k gold price in New Delhi, Mumbai, Chennai, Kolkata, and Bengaluru stood at Rs 14,160 per gram, a Rs 170 increase compared to the previous day.#prime_minister_narendra_modi #malabar_gold_diamonds #kalyan_jewellers #tanishq #india_bullion_and_jewellers_association
State Bank of India Reports 5.5% Rise in Net Profit, Shares Drop 7.4% Amid Mixed Results State Bank of India (SBI) reported a 5.5% year-over-year increase in net profit for the March quarter, reaching ₹19,683.75 crore, according to standalone financial statements filed on stock exchanges. The bank’s net interest income (NII) also rose 3% to ₹1,23,097 crore, reflecting stable performance in its core lending activities. However, the results failed to meet investor expectations, leading to a sharp decline in SBI’s share price, which fell 7.4% intraday on May 8, 2026. The stock’s steep drop followed a mixed set of financial metrics. While SBI’s asset quality improved, with non-performing assets (NPAs) declining to 1.49% from 1.82% a year earlier, its treasury operations faced challenges. Treasury income dropped 23% YoY, attributed to lower gains from market activities. Additionally, provisions for bad loans fell 21% to ₹3,140 crore, signaling a reduction in loan defaults. Despite these improvements, investors remained unimpressed, as the bank’s net profit growth remained modest compared to expectations for single-digit growth in the January-March quarter. SBI’s net interest margin (NIM) stood at 2.81% for the March quarter, with domestic NIM at 2.93%. However, analysts warned that the NIM could face pressure in the coming months due to a repo rate cut by the Reserve Bank of India and rising costs of funds. The bank’s net interest income is projected to grow between 7-9% in the next quarter, supported by healthy loan book expansion. The results also included a significant dividend declaration. SBI’s board announced a dividend of ₹17.35 per equity share for the financial year ended March 31, 2026.#reserve_bank_of_india #state_bank_of_india #kalyan_jewellers #titan_co #ujjivan_small_finance_bank
Gold Prices Dip Ahead of Akshaya Tritiya Amid Geopolitical Developments Gold prices saw a marginal decline across major jewellers in India on Friday, April 17, 2026, as the market prepared for the auspicious occasion of Akshaya Tritiya. The decrease, influenced by geopolitical developments such as a 10-day ceasefire between Lebanon and Israel and potential US-Iran talks, has positioned the yellow metal as a potential buying opportunity for consumers. The drop in gold rates was observed in leading jewellery brands including Tanishq, Malabar Gold & Diamonds, Kalyan Jewellers, Joyalukkas, and IBJA. Prices for 22k gold jewellery, a popular choice for festive purchases, fell slightly compared to the previous day. For instance, Tanishq reported a price of Rs 14,175 per gram in New Delhi, Mumbai, Chennai, Kolkata, and Bengaluru on April 17, down from Rs 14,300 on April 16. Similarly, Joyalukkas, Kalyan Jewellers, and Malabar Gold & Diamonds all recorded prices of Rs 14,135 per gram on April 17, a decrease from Rs 14,260 on April 16. The decline in gold prices coincided with broader geopolitical shifts. The Lebanon-Israel ceasefire, which took effect on April 16, and discussions between the US and Iran about potential diplomatic engagement contributed to market sentiment. Analysts noted that these developments reduced pressure on gold, which is often seen as a safe-haven asset during times of global uncertainty. IBJA, a prominent jewellery association, provided indicative retail selling rates for gold and silver on April 17, 2026. For fine gold (999 purity), the rate was Rs 15,136 per gram, compared to Rs 15,311 on April 16. Other karat varieties also saw declines: 22k gold dropped to Rs 14,773 from Rs 14,943, 20k gold fell to Rs 13,471 from Rs 13,626, and 18k gold decreased to Rs 12,260 from Rs 12,402.#malabar_gold_diamonds #kalyan_jewellers #tanishq #joyalukkas #akshaya_tritiya
Gold Rates Today: Decline Across Major Indian Jewelry Brands Amid Geopolitical Shifts Gold prices have declined across leading Indian jewelry brands on April 10, 2026, following a US-Iran ceasefire and a subsequent drop in crude oil prices. The easing of geopolitical tensions has shifted market sentiment, prompting traders to reassess inflation risks and the demand outlook for safe-haven assets like gold. This trend was observed in the rates of 22k and 24k gold at prominent brands such as Tanishq, Kalyan Jewellers, Malabar Gold & Diamonds, Joyalukkas, and the Indian Bullion and Jewellers Association Ltd (IBJA). The decline in gold prices was notable compared to the previous day, April 9, 2026. For instance, Tanishq’s 22k gold rate for jewelry stood at Rs 14,065 per gram in major cities like New Delhi, Mumbai, Chennai, Kolkata, and Bengaluru on April 10, down from Rs 13,925 on April 9. Similarly, Kalyan Jewellers reported a 22k gold rate of Rs 14,025 per gram on April 10, compared to Rs 13,885 the prior day. Malabar Gold & Diamonds and Joyalukkas also saw their 22k gold rates rise to Rs 14,025 per gram on April 10, up from Rs 13,885 on April 9. These adjustments reflect broader market movements influenced by the geopolitical developments. The Indian Bullion and Jewellers Association Ltd (IBJA) provided indicative retail selling rates for gold jewelry, which aligned with the trends observed at individual brands. On April 10, 2026, the AM (morning) rates for 24k gold (999 purity) were Rs 15,031 per gram, up from Rs 14,994 on April 9. The 22k gold rate was Rs 14,670 per gram, compared to Rs 14,634 the previous day. Lower karat gold also saw marginal increases, with 20k gold at Rs 13,377 per gram (up from Rs 13,344) and 18k gold at Rs 12,175 per gram (up from Rs 12,145).#malabar_gold_diamonds #kalyan_jewellers #tanishq #joyalukkas #us_iran_ceasefire
Gold Prices Dip Slightly on April 2, 2026, as Major Retailers Report Lower Rates Gold prices experienced a marginal decline on April 2, 2026, marking a welcome development for buyers. Leading jewellery brands such as Tanishq, Kalyan Jewellers, Malabar Gold & Diamonds, Joyalukkas, and the India Bullion and Jewellers Association Ltd. (IBJA) reported reduced rates for 22-karat gold across major cities including New Delhi, Mumbai, Chennai, Kolkata, and Bengaluru. The downward trend was observed in both 22-karat and other purity levels, with prices showing slight adjustments compared to the previous day. The decline in gold prices was attributed to a combination of factors, including a temporary easing of demand and macroeconomic pressures. Experts noted that while gold and silver rates are expected to remain volatile in the short term, they are likely to stay within a range-bound framework. This is due to the ongoing balance between safe-haven demand and broader economic challenges. For 22-karat gold, the latest rates from major retailers reflected the following changes: Tanishq priced 22-karat gold at Rs 13,920 per gram on April 2, 2026, down from Rs 14,060 per gram on April 1. Kalyan Jewellers adjusted its rate to Rs 13,880 per gram, compared to Rs 13,885 per gram the previous day. Malabar Gold & Diamonds also saw a marginal drop, with rates at Rs 13,880 per gram on April 2, down from Rs 13,885 per gram on April 1. Joyalukkas reported a similar decline, with 22-karat gold priced at Rs 13,880 per gram on April 2, compared to Rs 13,885 per gram on April 1. IBJA’s indicative retail selling rates for gold jewellery on April 2, 2026, provided further insight into the market movement. The association’s data showed a notable decrease in prices for various gold purities.#malabar_gold_diamonds #kalyan_jewellers #ibja #tanishq #joyalukkas
Gold Prices Decline Across Major Indian Jewellery Chains and IBJA on March 27, 2026 Gold prices experienced a decline across leading Indian jewellery chains and the India Bullion and Jewellers Association (IBJA) on March 27, 2026. Experts suggest that geopolitical tensions, sanctions, currency fluctuations, and the US Federal Reserve’s interest rate policies could contribute to further volatility in gold prices. They indicate that gold prices may remain range-bound until the US Fed provides clarity on interest rates. The decline in gold rates was observed across major jewellery brands, including Tanishq, Malabar Gold & Diamonds, Joyalukkas, and Kalyan Jewellers, as well as IBJA. The drop in prices was noted for both 22-karat and 24-karat gold, with the rates falling in key cities such as Bengaluru, Mumbai, and Chennai. For Tanishq, the latest price for 22-karat gold jewellery was Rs 13,305 per gram on March 27, 2026, representing a slight increase of Rs 15 compared to the previous day. However, the price for 24-karat gold was not explicitly mentioned in the report. Joyalukkas, Kalyan Jewellers, and Malabar Gold & Diamonds all reported a decline of Rs 200 per gram for 22-karat gold compared to March 26, 2026. IBJA provided indicative retail selling rates for gold jewellery on March 27, 2026, with the following prices: Fine Gold (999) at Rs 14,372, 22-karat gold at Rs 14,027, 20-karat gold at Rs 12,791, 18-karat gold at Rs 11,641, and 14-karat gold at Rs 9,270. These rates were compared to the rates from March 25, 2026, which showed a decrease across all purities. For example, Fine Gold (999) fell from Rs 14,621 to Rs 14,372, while 22-karat gold dropped from Rs 14,270 to Rs 14,027.#malabar_gold_diamonds #kalyan_jewellers #tanishq #joyalukkas #india_bullion_and_jewellers_association
22k Gold Rate Today: Check 22K and 24K Gold Prices on March 26, 2026 Gold prices showed signs of recovery on March 25, 2026, following a largely downward trend throughout March 2026. Experts anticipate continued volatility due to geopolitical tensions, including the Iran-Israel conflict, and uncertainty surrounding the US Federal Reserve’s interest rate decisions. Major Indian jewelers such as Tanishq, Joyalukkas, Kalyan Jewellers, and Malabar Gold & Diamonds reported 22k gold prices around Rs 13,465 per gram on March 26, 2026. The recovery on March 25 was noted, but gold rates had remained lower for most of the month. Analysts suggest that further price fluctuations may occur due to ongoing geopolitical developments, sanctions, currency market shifts, and the Fed’s monetary policy outlook. They expect gold prices to remain range-bound until there is clarity on the Fed’s interest rate trajectory. As of March 26, 2026, the India Bullion and Jewellers Association (IBJA) provided indicative retail selling rates for gold jewellery. For 22KT gold, the rate was Rs 14,270 per gram, while other karat options included Rs 13,012 for 20KT, Rs 11,843 for 18KT, Rs 9,430 for 14KT, and Rs 14,621 for fine gold (999). IBJA had not yet updated rates for March 26. Leading jewelers reported specific 22k gold prices for the day. Tanishq listed the rate at Rs 13,485 per gram in Bengaluru, Mumbai, and Chennai. Joyalukkas, Kalyan Jewellers, and Malabar Gold & Diamonds all quoted Rs 13,465 per gram, with Wednesday’s rates at Rs 13,445 per gram for the latter three. Commodities analyst Manav Modi of Motilal Oswal Financial Services attributed the decline in gold and silver prices to shifting macroeconomic expectations rather than reduced demand.#malabar_gold_diamonds #kalyan_jewellers #tanishq #joyalukkas #india_bullion_and_jewellers_association
3 stocks to buy with up to 73% upside: Coforge, ICICI Bank, Kalyan Jewellers MOFSL has recommended buying three stocks—Coforge Ltd, ICICI Bank Ltd, and Kalyan Jewellers India Ltd—with potential upside of up to 73%. The brokerage highlighted that Coforge shares are currently priced based on an extreme bear-case scenario, while Kalyan Jewellers maintained strong demand despite rising gold prices. ICICI Bank was praised for its robust asset quality and growth prospects. ICICI Bank’s target price is Rs 1,750, offering a 40% upside. MOFSL noted the bank’s healthy operating performance, driven by broad-based growth in business banking and corporate demand. The bank is focusing on fee income expansion and operating leverage to support earnings, while maintaining low credit costs (~45-50bps through-cycle) and strong provision buffers. These factors ensure earnings stability across economic cycles. The brokerage estimates the bank will deliver a PPoP/PAT CAGR of 17.7% and 16% over FY26-28E, leading to an RoA/RoE of 2.3% and 16.4%, respectively. Kalyan Jewellers’ target price is Rs 550, with a 44% upside potential. Despite an 80% year-over-year and 20% quarter-over-quarter rise in average gold prices, demand for the company’s products remained strong during January–March, supported by the wedding season. The company’s franchise-led model, contributing 50% of revenue, and expansion into non-South markets have bolstered its growth profile. A shift toward studded jewelry and an asset-light strategy have improved cash flow, deleveraging, and profitability. Kalyan has achieved revenue, Ebitda, and adjusted PAT CAGR of 33-54% over FY22-26E. MOFSL models a CAGR of 21%, 19%, and 23% for revenue, Ebitda, and PAT over FY26-28E.#icici_bank #mofsl #kalyan_jewellers #coforge_ltd #icici_bank_ltd
