Indian jewellery stocks including Titan, Kalyan Jewellers, Senco Gold and Thangamayil plunged up to 6% on Wednesday after the government raised customs duty on gold and silver imports to 15% from 6%, sparking fears of higher costs and demand slowdown. The sector has already lost more than ₹50,000 crore in market capitalisation in recent sessions following PM Modi’s appeal to postpone gold purchase
