Mumbai: Jewellery stocks rose as much as 11 per cent, buoyed by reports that a large section of jewellers and bullion traders across the country opened their shops today after almost six weeks.
Shree Ganesh Jewellery House shares zoomed 11.08 per cent, Tribhovandas Bhimji Zaveri surged 5.49 per cent, Gitanjali Gems (5.03 per cent), PC Jeweller (3.57 per cent) and Tara Jewels (1.52 per cent) on BSE. After keeping shutters down for almost six weeks against the proposed 1 per cent excise duty on non-silver jewellery, a large section of jewellers and bullion traders across the country opened their shops today.
While some jewellery shops and showrooms were seen resuming their regular transactions in national capital and Mumbai, the others remained closed. Jewellery showrooms in Tamil Nadu and Andhra Pradesh were also opened.