Extra glimmer for jewellery stocks
DSIJ Intelligence / 31 Jul 2017
Gold prices were poised around near a seven-week high on Monday as tensions on the Korean peninsula fuelled the safe haven demand for the yellow metal.
Jewellery stocks firmed up on the bourses during Monday’s trade with investors heavily infusing in the yellow metal amid geopolitical tension.
Gold prices were poised around near a seven-week high on Monday as tensions on the Korean peninsula fuelled the safe haven demand for the yellow metal.
Tribhovandas Bhimji Zaveri gained the most, and was trading at Rs 113.85, up by Rs 6.05 or 5.61% as at 1238 hours on Monday, on the BSE. The stock traded on a new 52-week high value of Rs 116.80 and witnessed spurt in volume by more than 2.07 times.
Among others, Thangamayil Jewellery was trading at Rs 323.85 per share, up by Rs 12.20 or 3.91%; PC Jeweller was trading at Rs 256.55, up by Rs 7.85 or 3.16%; and Gitanjali Gems was trading at Rs 64.65, up by Rs 1.10 or 1.73%.
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