People came out to buy gold and silver! Prices went up due to a decision of the government? A huge storm came in the jewelery market

On Monday, April 6, the shares of jewelery companies made such a run in the Indian stock market that investors went crazy. As soon as the market opened, huge buying was seen in jewelery stocks and shares of many companies jumped up to 15 per cent. at the end of the day Senco Gold The shares closed with a gain of about 11 percent, whereas during trading it had shown a rise of more than 15 percent. After all, what happened that suddenly the entire sector shined?

This masterstroke of the government changed the mood of the market

The reason behind this sudden boom in the jewelery sector is a big decision of the Central Government. Government of gold and silver Base Import Price Have made huge cuts. As soon as this news came out, the perspective of investors regarding the bullion market and jewelery sector completely changed. As soon as the market opened, buyers started placing bets on the shares of jewelery companies, which led to a green cover everywhere.

Big relief in import of gold and silver

According to the latest notification of the Central Board of Indirect Taxes and Customs (CBIC), the base import price of gold has been… Decreased from $1,652 to $1,526 Per 10 grams. At the same time, the base price of silver also From $2,820 to $2,427 per kilogram. Custom duty in India is decided on the basis of this base price. This simply means that now it will become cheaper for jewelers to import raw materials, which will directly benefit their business.

From Kalyan Jewelers to Titan, everyone became rich

The impact of this government decision was visible not only on one company, but on the entire sector. Kalyan Jewelers Shares closed at Rs 420.35 with a gain of 6.57 per cent. Apart from this, Tata Group Titan Company, PN Gadgil And TBZ Shares of big companies like, also registered a rise of up to 4 percent. Experts believe that due to reduced cost of imports, there can be a big improvement in the profit margins of these companies.

Customers happy in wedding season, experts also happy

Market experts say that this change at the beginning of the new financial year 2026-27 is no less than a booster dose for the jewelery sector. The season of weddings and festivals is going to start soon in India. In such a situation, if companies give the benefit of low cost to the customers, then there can be a huge increase in the retail demand of gold and silver. Customers who were postponing purchases till now due to high prices can now visit showrooms again.

Licensing rules will curb illegal trade

The government has not only reduced the prices, but has also reduced the import of finished gold and silver jewellery. license mandatory Is done. This step will promote domestic manufacturing of jewelery within the country and curb illegal trade. According to experts, with this rule, big companies in the organized sector are expected to make huge profits in the long run.