Kalyan Jewellers, Titan, other jewellery stocks crash up to 6% as Centre hikes gold customs duty to 15%

Jewellery stocks like Kalyan Jewellers and Senco Gold tumbled up to 6% after the government hiked customs duty on gold and silver imports to 15%. This move aims to narrow India's trade deficit and support the rupee, but could dampen demand for precious metals. Organised players may fare better than smaller jewellers.