Jewellery stocks rallied up to 10% on Friday after temporary curbs on fresh subscriptions to gold ETF Fund of Funds (FoFs) by around 17 mutual fund houses, just as the festive and wedding season gathers pace.
Shanti Gold International shares rose as much as 7.6% to hit a fresh 52-week high of Rs 421.85, while Sky Gold and Diamonds gained 6.1% to reach a record high of Rs 1,064. PC Jeweller advanced 9.9% to Rs 15.89, also touching a fresh 52-week high. Tribhovandas Bhimji Zaveri climbed 5% to Rs 760.75, its 52-week high.
