Festive buying patterns and robust earnings results helped lift major Indian retail jewellers, tracking broader momentum across domestic equity benchmarks. The share price advances emerged even as physical bullion corrected significantly from recent highs, drawing positive accumulation forecasts from multiple market brokerages. For instance, Titan Company rebounded 3.5% from its intraday low following solid financial results alongside sector-wide gains during Dhanteras. Analysts view the prevailing price dips as strategic entry windows for precious metal investors ahead of next year's festive cycle.
Key points
Brokerages view the recent correction in physical bullion prices as an attractive entry o…: Brokerages view the recent correction in physical bullion prices as an attractive entry opportunity for long-term investors.
Religare Broking recommends accumulating gold in the Rs 1,30,000 to Rs 1,35,000 range wit…: Religare Broking recommends accumulating gold in the Rs 1,30,000 to Rs 1,35,000 range with initial upside targets of Rs 1,50,000.
Silver price targets have been set as high as Rs 2,55,000 per kg, though rate hike risks…: Silver price targets have been set as high as Rs 2,55,000 per kg, though rate hike risks may trigger near-term volatility.
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Among individual stocks, Titan Company rebounded 3.5% from its day's low, while Kalyan Jewellers gained 5%. Senco Gold and Thangamayil Jewellery advanced 2.5% and 3.5%, respectively. The rally also comes on the back of Titan's strong earnings performance and a broader improvement in market sentiment, with the Sensex and Nifty rising for the second consecutive session.
Gold has long been associated with prosperity and wealth creation in India, making it one of the most popular purchases during Dhanteras. Every year, households mark the occasion by buying gold jewellery, coins and bars, viewing the precious metal as both an auspicious purchase and a store of value.
Gold outlook 2027
Despite the sharp correction, some brokerages believe the decline has improved gold's appeal for investors with a longer investment horizon.Axis Securities considers current levels attractive, noting that gold has corrected more than 20% from its peak. According to the brokerage, the decline offers investors who missed the previous rally an opportunity to gradually increase their allocation to the precious metal.
Investors are pivoting away from non-yielding commodities in favor of rising Treasury yields that provide guaranteed returns above inflation. This capital rotation has pushed bullion into a notable retreat despite active geopolitical conflict. Elevated energy costs driven by international instability continue to feed upward pressure on broader interest rates.
TAAL Tech Limited has approved an interim corporate payout to reward its investors following sustained market gains. Backed by investor Mukul Agarwal, the firm will distribute over ₹7.79 crore directly to qualifying shareholders before the year ends. This marks the company's debut interim dividend distribution for the ongoing financial year.
Global hyperscalers face mounting financial pressure as infrastructure capital expenditures approach $730 billion by CY26, prompting investors to seek asset-light alternatives. With domestic technology firms trading beneath historical valuation averages while delivering resilient cash flows, Anand Rathi expects capital to shift toward selective services providers. This defensive positioning prioritizes dependable returns despite broader revenue expansion remaining confined to the low single digits.