Kalyan Jewellers Surges 8%, Senco Gold Rises 4% as US-Iran Peace Deal Fuels Bullion Rally

Shares of $KALYANKJIL jumped nearly 8% while Senco Gold climbed 4% in early Monday trade after a landmark US-Iran peace deal sparked a sharp rally in bullion prices. The agreement, which includes plans to reopen the Strait of Hormuz, has significantly eased global concerns over potential disruptions to oil shipments and international trade routes. With geopolitical tensions subsiding, gold prices gained strong momentum as investors turned optimistic about stable energy supplies and improved economic sentiment. Jewellery stocks, highly sensitive to gold prices, led the gains on the bourses. Market experts believe sustained bullion strength could drive further upside for domestic jewellery retailers in the coming sessions.