KALYANKJIL

Kalyan Jewellers shares fell sharply today (13 May 2026)

Kalyan Jewellers shares fell sharply today (13 May 2026), dropping around 6% to a new 52‑week low of ₹340 on the NSE. The decline was triggered by the government’s sudden hike in gold and silver import duties to 15% (from 6%), which is expected to raise domestic gold prices and hurt jewellery demand. Reason for Fall Government raised gold & silver import duty to 15% (10% basic customs duty + 5% Agriculture Infrastructure and Development Cess). Move aimed at curbing imports, narrowing trade deficit, and supporting the rupee. Higher duties expected to push up domestic gold prices, dampening jewellery demand, especially in weddings/festivals Technical Indicators Kalyan Jewellers is trading below all major moving averages (5‑day, 20‑day, 50‑day, 100‑day, 200‑day). Stock has lost ~18.5% in the last 3 sessions and ~21.7% over the past month. Analysts flag a bearish trend with persistent selling pressure Policy & Macro Context Prime Minister Modi recently urged households to avoid buying gold jewellery for one year, signaling reduced policy appetite for worsening deficits. Analysts compare this to FY12–13, when similar restrictions were imposed to protect India’s external balances. India’s gold imports FY25‑26: Value: $71.98 billion (+24% YoY). Volume: 721 tonnes (‑4.7% YoY). Rising import bill worsened trade deficit, prompting duty hike