Titan Company, Sky Gold, other shares fall up to 6% on PM Modi’s second appeal to avoid gold

Shares of jewellery companies including Titan Company, Sky Gold and Kalyan Jewellers, among others, fell up to 6% on Tuesday after Prime Minister Narendra Modi urged citizens to avoid gold purchases unless necessary in a social media video posted on Monday.

In today’s session, Titan Company shares declined 2% to Rs 5,015, while Kalyan Jewellers declined 6% to Rs 578 per share. Thangamayil Jewellery shares were down 2% to Rs 5,322 on the BSE, while Sky Gold was down 6.3% to Rs 756 per share.