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Jewellery stocks dropped in trade on September 26 as investors remained concerned over the possibility of slowing demand amid record high gold prices.

Gold and silver prices have been hitting fresh record highs consecutively for several sessions this month, dodging market volatility.

Jewellery stocks decline:

PC Jeweller shares dropped nearly 10 percent to trade at Rs 12.14 apiece. Kalyan Jewellers and Senco Gold shares fell over 3 percent to Rs 448 apiece. PN Gadgil Jewellers and Titan shares meanwhile fell over 2 percent each.

Gold futures at record high

Earlier this week, Gold futures on Multi Commodity Exchange (MCX) with October expiry hit a fresh lifetime

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