Titan, Kalyan Jewellers Shares Surge Post-Budget 2026; Gold Duty Unchanged
Budget
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CNBC Awaaz•01-02-2026, 14:45
Titan, Kalyan Jewellers Shares Surge Post-Budget 2026; Gold Duty Unchanged
- •Union Finance Minister Nirmala Sitharaman presented the ninth consecutive Union Budget on February 1.
- •The jewelry sector received relief as no changes were made to excise or customs duty on gold in the budget.
- •Shares of Titan Company Ltd. and Kalyan Jewellers India Ltd. rose by up to 4% following the budget announcement.
- •Investors had feared a customs duty increase on gold, but the 6% duty remained unchanged, which is positive for companies.
- •The absence of new taxes or duties means no immediate significant impact on gold prices, which are expected to remain steady.
Why It Matters: No change in gold customs duty in Budget 2026 boosts jewelry stocks and stabilizes gold prices.
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