Kalyan Jewellers shares rose over 4% amid relief in the market that the Union Budget 2026 did not include a hike in customs duty on gold, contrary to some pre-budget expectations and concerns in the sector.
During the session, Kalyan Jewellers’ shares touched a low of ₹351.50 and climbed to a high of ₹377.50. The stock opened at ₹365.45, compared with a previous close of ₹361.65.
Pre-budget speculation had focused on potential increases in gold import duties to address rising import values, high gold prices, and impacts on the trade deficit and rupee.
The absence of any such hike in the Budget 2026 provided relief to investors in gold-related stocks like Kalyan Jewellers, contributing to the intraday gains.
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