Indian Gems & Jewellery Shine as US Tariff Eases

Gems and jewellery stocks surged after India and the US agreed on a trade deal to lower reciprocal tariffs on Indian goods from 25% to 18%. This move, announced by US President Donald Trump, is expected to benefit export-oriented sectors and boost market sentiment.

Indian gems and jewellery stocks rose sharply after the United States agreed to reduce the reciprocal tariff on Indian goods from 25% to 18%. This significant move comes as part of a broader trade agreement announced by US President Donald Trump following discussions with Prime Minister Narendra Modi.

The financial markets responded positively, with shares of key jewellery firms such as Goldiam International and Vaibhav Global soaring by 20%, while Kalyan Jewellers India, Senco Gold, Shringar House of Mangalsutra, and others also experienced substantial gains on the BSE.

The tariff reduction is poised to alleviate pressures on export-driven sectors, reviving sentiment in the manufacturing and trade sectors that had been constrained by the previous higher tariff rates. The announcement also brings relief to labor-intensive industries like textiles and apparel, which faced hurdles due to previously steep US tariffs.