On June 15, 2026, Indian stock markets witnessed a sharp rally in jewellery stocks as rising gold prices boosted investor confidence. This surge in gold prices came at a time when global tensions showed signs of easing, helping to boost demand in both domestic and international markets. As gold became more attractive, jewellery companies directly benefited, leading to significant gains in many stocks.
Gold prices rose in both Indian and global markets, supporting the rally in jewellery stocks. On the Multi Commodity Exchange, gold futures for August delivery rose ₹2,191, or 1.46 percent, to reach ₹1,52,719 per 10 grams. This gain was driven by strong physical demand and supportive global cues.
At the same time, international gold prices also strengthened. In New York, gold futures rose 2.10 percent to USD 4,327.80 per ounce. The combined impact of domestic demand and global price support created a positive environment for gold-related businesses.
Shares of major jewellery companies recorded strong gains during the trading session. Titan Company Limited rose 2.38% to close at ₹4,283.50 on the NSE. Kalyan Jewellers India closed at ₹383, a sharp gain of 11.09%.
Other companies also performed well. Senco Gold rose 3.50% to ₹350.20, while PC Jeweller gained 2.80%. Thangamayil Jewellers saw a marginal gain of 0.42%, and Sky Gold rose 4.85%.
A notable highlight was Rajesh Exports, which ended its seven-day losing streak and hit the 5% upper circuit to close at ₹80.23. Similarly, Motisons Jewellers jumped 7.03%, while Shanti Gold International gained 1.84%.
The rise in gold prices was also linked to easing geopolitical tensions. The US and Iran reached an agreement to end the 107-day conflict and reopen the Strait of Hormuz, a key route for global oil transportation. This development reduced uncertainty in the global market and improved overall investor sentiment.
US President Donald Trump confirmed that a formal peace agreement will be signed in Switzerland on June 19. The deal is expected to include easing sanctions, limits on Iran’s nuclear activity, and steps to normalize oil exports.
Following the agreement, oil prices fell sharply, providing relief to energy-importing countries like India. Brent crude fell 4.55% to USD 83.36 per barrel. Lower oil prices are being seen as a positive for India, which is heavily dependent on West Asia for energy supplies.
Experts say that India imports approximately 50% of its crude oil, approximately 70% of LPG, and approximately 90% of LNG from this region. Easing tensions could help stabilize supplies and reduce cost pressures.
The broader market also reflected this optimism, with the Nifty rising 0.98% to 23,853.90 and the Sensex gaining 736 points to close at 76,264. The strong performance of jewellery stocks demonstrates how closely they are linked to fluctuations in gold prices.
Going forward, if gold prices remain strong and global conditions remain stable, jewellery companies could continue to attract investor attention.
Disclaimer: All the information provided in this article is for educational purposes only. We are NOT a SEBI registered investment advisor. DateUpdateGo always advises seeking guidance from a certified financial advisor before making any investment-related decisions.
