Jewellery stocks extended the positive momentum for the second straight day and rallied up to 4% on Monday, Aug. 24 tracking a sharp rise in gold prices. Shares of Senco Gold, PC Jeweller, Kalyan Jewellers India and other jewellery stocks gained amid heightened investor interest in the sector. The rally in jewellery stocks was supported by the sharp upmove in gold prices, which boosted sentiment towards companies operating in the precious metals and jewellery segment.
Senco Gold share price gained over 3% while Kalyan Jewellers India shares advanced more than 2%.
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