BIS raises gold hallmarking fee; Kalyan Jewellers and PC Jeweller slide
Bureau of Indian Standards raised the gold hallmarking fee from 45 to 75 per article with immediate effect, with shares of Kalyan Jewellers and PC Jeweller falling up to 4% and newly listed Lalithaa Jewellery Mart down about 5%.
Shares of Kalyan Jewellers, PC Jeweller and other jewellery companies fell by up to 4% on Wednesday after the Bureau of Indian Standards raised the gold hallmarking fee from 45 to 75 per article with immediate effect. Shares of newly listed Lalithaa Jewellery Mart also hit the 5% lower circuit.