US Midterm Election Results Impact on Gold, Silver Jewellery Stocks: Senco, PC, Titan shares shine on Trump's loss
Mint ·
Jewellery stocks rallied on Thursday, November 5, as gold prices climbed nearly 2% to a two-week high, supported by a weaker US dollar and declining US Treasury yields following a Democratic wave in the US midterm elections. Broader gains across Dalal Street, a sharp decline in crude oil prices and renewed foreign investor buying further lifted investor sentiment.
Motisons Jewellers shares surged 3.9% to ₹15.55, while Senco Gold gained 3.7% to ₹322.65. PC Jeweller advanced 3.2% to an intraday high of ₹16.32, while Kalyan Jewellers rose 2.7% to ₹544.70.
Titan shares gained 2.3% to ₹4,858.90. Among smaller jewellery-related stocks, Swarnsarita Jewels India traded at ₹40.80, up 3.3%, while Omara Ventures India was trading at ₹327, up 2.5%.
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