Senco Gold and Kalyan Jewellers Share Price Surge Following Gold and Silver Import Price Cuts

The shares of prominent Indian jewellery companies, Senco Gold and Kalyan Jewellers, rose significantly following the government's announcement to reduce import prices for gold and silver as per The Moneycontrol report.  

This decision is anticipated to enhance margins and boost demand by making these precious metals more affordable for consumers. 

Senco Gold and Kalyan Jewellers Market Response 

On April 6, 2026, Senco Gold's shares increased by 11.01%, reaching ₹320.60, while Kalyan Jewellers saw a rise of 5.40%, climbing to ₹415.65.  

These gains were prompted by the government's move to slash the base import price of gold to $1,526 per 10 gm (₹1,42,223), down from $1,652.  

Similarly, silver's base import price was reduced to $2,427 per kg (₹2,26,096), down from $2,820. 

Impact on Jewellery Sector 

The revised import prices are seen as a favourable development for the jewellery sector, easing procurement costs, and enhancing inventory management.  

The reduction in import prices is expected to encourage consumer demand by rendering gold and silver relatively more affordable. 

Read More: India Restricts Imports of Precious Metal Jewellery; Licence Now Required! 

Broader Market Context 

While jewellery stocks showed strong gains, the overall market experienced some volatility. The Nifty index dipped below 22,600, and the Sensex recorded a loss of 420 points during the trading session, reflecting broader market uncertainties. 

Conclusion 

The government's reduction of import prices for gold and silver has positively impacted the shares of Senco Gold and Kalyan Jewellers. This strategic pricing adjustment is seen favourably within the jewellery sector, improving margins and potentially boosting consumer demand. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

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