For Quick Alerts
For Daily Alerts

Gold Jewelery Company Shares On Fire As Gold Prices Slump


Shares in Gold Jewelery companies rose sharply after gold prices in the international markets plunged to a 5 year low.

Gold Jewelery Company Shares On Fire As Gold Prices Slump Shares in Gold Jeweler
Shares in TBZ were up a huge 11 per cent, while while Gitanjali Gems surged 12 per cent and P C Jeweller was up 3 per cent. On Monday, international gold prices slumped to a 5 year low as investors worried that the US Federal Reserve would hike interest rates.

Spot gold in the international market was down to $1,106 an ounce after falling as low $1,089, its lowest since March 2010. Indian gold prices tend to track international prices of gold.

Gold Prices on the MCX (futures market) slumped to Rs 25,000, while gold prices at the retail jeweller were also trading around the same levels.

Check gold rates in your city here

Read more about: gold tbz gitanjali gems
Story first published: Monday, July 20, 2015, 11:32 [IST]
Company Search
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more