Jewllery Makers Gain On Mandatory Hallmarking Of Gold Jewellery

Analysts say that listed jewellery retailers and makers will benefit from government's move for mandatorily hallmarking gold jewellery.

Shares of jewellery makers rose after the government reiterated its move for mandatory hallmarking of gold jewellery but extended its deadline to June 15 given the lockdowns in th various parts of the country to deal with Covid-19 pandemic. Kalyan Jewellers rose 5 per cent, Titan Company advanced rose as much as 3 per cent, Thangamayil Jewellery rose 2 per cent, PC Jeweller advanced 3.13 per cent, Rajesh Exports climbed 1.7 per cent and Tribhovandas Bhimji Zaveri advanced 1.5 per cent. Analysts say that listed jewellery retailers and makers will benefit from government's move for mandatorily hallmarking gold jewellery. Gold hallmarking is a purity certification of the precious metal and is voluntary in nature at present.