Key Highlights
- They stated that gold prices rose by over 70% in 2025, resulting in a corresponding increase in jewellery prices.
- This put pressure on demand, leading to a significant impact on the balance sheets of jewellery stocks.
- However, they expected a rise in Kalyan Jewellers' share price to up to ₹530 apiece and advised investors to hold the stock, maintaining a stop loss at ₹470 per share.
- On reason for pressure on Kalyan Jewellers share price, Avinash Gorakshkar, a SEBI-registered fundamental equity analyst, said, “Jerwellery stocks have remained under pressure throughout the year due to the skyrocketing gold and silver prices.
- Both precious metals have been hitting new peaks on a regular basis.
