Kalyan Jewellers Shares Plummet 6% Amid Gold Import Halt
Synopsis
Shares of Kalyan Jewellers take a steep dive due to a halt in gold and silver imports by Indian banks, raising alarms in the jewellery sector. Titan Company also sees a decline, as experts predict potential impacts on global precious metal prices.
Key Takeaways
Kalyan Jewellers shares dropped by 6% due to import halts.
Indian banks have paused new gold and silver imports.
Approximately 8 tonnes of silver await customs clearance.
Titan Company 's shares also saw a decline.
Market experts predict potential impacts on global prices.
New Delhi, April 17 (NationPress) The stock of Kalyan Jewellers India experienced a significant decline on Friday following reports indicating that Indian banks have suspended new imports of gold and silver, raising alarms within the jewellery industry.
Initially, the share price plummeted by nearly 6 percent during intra-day trading, though it later recouped some losses to settle at 2.86 percent lower.
Reports reveal that substantial amounts of precious metals are currently held up at customs, as a formal government directive permitting bullion imports has yet to be issued.
This situation has also adversely affected silver imports, with approximately 8 tonnes reportedly pending customs clearance.
The last recorded trading price for Kalyan Jewellers' shares was Rs 416.20, reflecting a decline of Rs 24.10 or 5.47 percent.
In the meantime, shares of Titan Company, known for its popular Tanishq jewellery brand, also trended downwards. Titan's stock was observed at Rs 4,415.90, down by Rs 45.50 or 1.02 percent.
Market analysts have pointed out that reduced demand from India, one of the globe’s largest gold consumers, could exert downward pressure on international gold and silver prices.
Conversely, this may assist in reducing India's trade deficit and provide support to the rupee, which has been one of the poorest-performing currencies in Asia this year.
Authorities have already initiated measures to alleviate pressure on the currency, including requesting refineries to limit spot dollar acquisitions.
The report also noted that the halt in import orders by Indian banks, alongside shipments stranded at ports due to the lack of a new authorization order, had not been previously disclosed.
Typically, the Directorate General of Foreign Trade (DGFT), part of the Ministry of Commerce and Industry, issues an annual directive detailing which banks are authorized by the Reserve Bank of India to import gold and silver.
The last order, released in April 2025, was valid until March 31, 2026, and banks are now waiting for a new notification.
As of now, there has been no official communication from the DGFT regarding the delay.
Point of View
It's crucial to recognize the implications of the halt in gold and silver imports by Indian banks. This situation not only affects local companies like Kalyan Jewellers and Titan Company but may also influence global gold prices and India's trade dynamics. A comprehensive understanding of these developments is essential for both investors and consumers.
NationPress
8 Jul 2026
Frequently Asked Questions
Why did Kalyan Jewellers' shares fall?
Kalyan Jewellers' shares fell due to reports of Indian banks halting fresh gold and silver imports, creating concerns in the jewellery sector.
What is the current trading price of Kalyan Jewellers' shares?
Kalyan Jewellers’ shares were last recorded at Rs 416.20, down by Rs 24.10 or 5.47 percent.
How are silver imports affected?
Silver imports are also impacted, with around 8 tonnes currently awaiting customs clearance.
What is the role of the DGFT in gold imports?
The DGFT issues annual directives that authorize banks to import gold and silver into India.
What could be the impact of reduced gold demand in India?
Weaker demand from India could pressure global gold and silver prices but may also help narrow India's trade deficit.
