15 Jun , 2026 By : Debdeep Gupta
Shares of jewellery companies gained in morning trade on Monday after a US-Iran peace agreement triggered a sharp rally in global bullion prices.
Kalyan Jewellers India led the gains, rising 7.85% to Rs 371.80. Senco Gold advanced 4.26% to Rs 352.75, while PC Jeweller climbed 2.80% to Rs 9.17. PN Gadgil Jewellers gained 1.65% to Rs 556.60 and Titan Company added 1.19% to Rs 4,233.80.
The rally followed an announcement by US President Donald Trump that the United States and Iran had reached a framework agreement to end hostilities, with a formal signing expected later this week. The deal includes plans to reopen the Strait of Hormuz, easing concerns over disruptions to global trade and energy supplies.
Global bullion prices surged after the announcement. According to Reuters, spot gold jumped 2.5% to $4,323.29 per ounce, its highest level since June 9, while US gold futures for August delivery rose 2.5% to $4,343.80. The precious metal extended gains for a third consecutive session.
The US dollar fell to a 10-day low following the agreement, making dollar-denominated gold cheaper for holders of other currencies. At the same time, oil prices dropped more than 4%, helping ease inflation concerns and reducing expectations of tighter monetary policy.
Market participants also pared expectations of a US interest-rate hike later this year, a development that tends to support non-yielding assets such as gold.
Other precious metals also traded higher. Spot silver rose 3.3% to $70.19 per ounce, platinum gained 2.8% to $1,765.40, and palladium advanced 3.1% to $1,323.22, according to Reuters.
The rally in bullion prices boosted sentiment across jewellery counters, with investors betting that stronger precious metal prices could support inventory valuations and trading activity across the sector.
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