Gold has once again shattered records, surging to an all-time high for the second consecutive session. On March 19, domestic futures saw gold prices touching Rs 90,000 per 10 grams, driven by factors such as the escalating geopolitical tensions and economic uncertainties in the US.
Globally, spot gold hit a peak of $3,018.66 per ounce, while US gold futures hovered around $3,027. The yellow metal’s relentless rally has been fuelled by multiple factors, including the ongoing Israel-Hamas conflict, investor anxiety over US Federal Reserve policies, and a weakening US dollar, which slipped to a five-month low below 103.
This surge has naturally impacted gold-related stocks in India. However, most of the top gold stocks are down significantly if we track their 2025 price movement. Here’s a closer look at how key gold stocks have performed year-to-date (YTD).
Kalyan Jewellers India down 43% YTD
One of India’s most recognised jewellery brands, Kalyan Jewellers, saw its stock trade nearly 2% higher in intraday trade at Rs 441.45 per share. However, despite this short-term gain, the company’s stock has faced a sharp YTD decline of about 43% in 2025.
In the last five days, the share price of Kalyan Jewellers has gained 6%, but over the past month, it has fallen by 8%. Zooming out to a six-month perspective, the stock has dropped 37%, though on a one-year basis, it has climbed 21%.
The company’s 52-week high stands at Rs 795.40, while its 52-week low is Rs 336.05. At current levels, the stock is trading nearly 44% below its peak.
PC Jeweller down 13% YTD
PC Jeweller has had a volatile year, currently trading at Rs 14.15, up 0.36% in today’s session.
So far in 2025, its PC Jeweller share price has dipped about 13% YTD. However, the past five days have brought an 8% jump, and over the last month, the stock has delivered a 15% return.
Over six months, PC Jeweller’s stock has gained a marginal 2%, while its one-year return stands at an impressive 140% rise.
Recently, the company announced a major debt resolution plan, approving the allotment of 51.71 crore shares to lenders to settle Rs 1,510 crore in debt. The stock’s 52-week high is Rs 19.30, while the low is Rs 4.40, meaning it is trading about 27% below its peak.
P N Gadgil Jewellers down 20% YTD
The share price of P N Gadgil Jewellers gained over 4% in today’s session. However, YTD, the stock has seen a sharp fall of nearly 19.54%.
Over the past five days, it has managed a 4.33% gain, but over the last year, the stock has slumped 32.60%. The stock is currently trading close to its 52-week low of Rs 491, significantly below its 52-week high of Rs 848.
Senco Gold down 53% YTD
Senco Gold share price hit the upper circuit of 5% at Rs 249.30 per share as investors rushed to buy.
The recent surge came after the company’s promoter, Jai Hanuman Shri Siddhivinayak Trust, increased its stake through open market transactions.
However, despite this momentum, the share price of the company has suffered a major YTD decline of 53%. In the past month, it has fallen 19%, while over six months, it has nosedived 59%.
On a one-year basis, the share price is down 28%. Senco Gold is currently trading near its 52-week low of Rs 227.40, a steep fall from its 52-week high of Rs 772.
Tribhovandas Bhimji Zaveri (TBZ) down 27%
TBZ shares price surged 5% to Rs 174.30 in today’s session, hitting the upper circuit.
The stock has declined 27% YTD. Over the past six months, it has dropped 37%, though its one-year performance tells a different story, showing a 74% surge. The stock’s current levels are significantly lower than its 52-week high but remain far above its lows.
