Jewellery Stocks Slide as Global Gold Prices Tumble Over 3%

Shares of major jewellery retailers came under pressure on Wednesday, with $KALYANKJIL lers dropping more than 3% and PC Jeweller also slipping, as international bullion prices witnessed a sharp decline amid escalating geopolitical tensions. According to market updates, Kalyan Jewellers shares declined around 3.3% to ₹343, while PC Jeweller fell approximately 2.3% to ₹8.65 in afternoon trading on the NSE. The broader jewellery sector felt the heat as investors grew cautious over softening gold prices, which directly impact margins and consumer demand for the precious metal.