Jewellery Stocks Rally After Gold Prices Jump; Kalyan Jewellers Climb 11%; Titan, Senco, Sky Gold Gains Too

Gems and jewelry stocks rallied strongly on June 15, 2026, after gold rates in India climbed thanks to the US-Iran peace agreement that could reopen the Strait of Hormuz. Kalyan Jewellers stood among the biggest gainers, rising a whopping 11%. Other jewellery giants such as Titan, Senco Gold, SKY Gold, PC Jewellers, and PN Gadgil also gained significantly.

Gold Stocks Rally Today

The largest gold stock, Titan Company, soared by over 2% on BSE and NSE to trade around Rs 4,274 apiece, emerging as a top gainer for Sensex and Nifty as well. Titan has the largest share in gems and jewelry market of India.

Meanwhile, Senco Gold zoomed by 4.11% on BSE, Sky Gold outperformed with over 6.3% gains. Also, PC Jewellers gained by 4%, Vaibhav Global and Rajesh Exports advanced by 5% each. Additionally, PN Gadgil Jewellers rallied by 3%.

Other stocks like BlueStone Jewellery, Ethos, Goldiam International, Khazanchi Jewellers, Motisons Jewellers, Shanti Gold, Shringar House of Mangalsutra and Thangamayil Jewellery jumped by 1% to 2.5%.

Kalyan Jewellers Share Price:

Kalyan Jewellers outperformed its rival stocks on June 15, by skyrocketing 11% to hit an intraday high of Rs 382.30 apiece. At the time of writing, Kalyan traded near the day's high to Rs 381.55 apiece.

Kalyan has a market cap of Rs 39,404.20 crore. There is still potential to buy in Kalyan. As per Trendlyne data, the consensus recommendation from 9 analysts for Kalyan Jewellers is STRONG BUY.

Last month, in a note, BOB Capital Markets highlighted that KALYANKJ reported a revenue growth of 66% YoY (vs +2% est.), driven by healthy wedding demand and

Gold Rates In India:

On June 15th, gold rates in India witnessed a humungous surge by Rs 24,500 in 100 grams of 24 carat to Rs 15,15,300. Meanwhile, 10 grams gold stood at Rs 1,51,530, up by Rs 2,450. Also, 22 carat gold climbed by Rs 2,250 to Rs 1,38,900 per 10 grams, and 18 carat soared by Rs 1,840 to Rs 1,13,650 per 10 grams.

"This rally can be attributed to a weakening dollar following the announcement of a peace deal between the US and Iran, which has boosted investor sentiment towards precious metals as safe-haven assets. Meanwhile, crude oil prices dropped significantly, with WTI crude at $80.81 per barrel, translating to around ₹7,640, reflecting concerns over potential oversupply amid geopolitical tensions," said Gaurav Garg, research analyst at Lemonn markets desk.

BUY Kalyan Jewellers Stock?

strong SSG (47%). Non-South markets continued to outperform with SSG of 62% (vs South: 29%). EBITDA grew 84% YoY (+8% vs est.), with EBITDA margin expanding 70bps YoY to 7.2%, on the back of operating leverage, despite a higher franchise mix. Consequently, APAT more than doubled to Rs 4.1 billion (+118% YoY)- broadly in line with estimates.

Analysts at BoBCap believes that KALYANKJ remains well positioned to benefit from the continued expansion in non-south markets, ongoing formalisation in the jewellery industry and its FOCO-led expansion strategy. While rising franchise mix is expected to structurally dilute gross margins, operating leverage on a growing revenue base should support steady EBITDA margin expansion over the medium term. Hence, they recommended BUY with a target price of Rs 490.