Titan, Kalyan Jewellers Shares Surge Post-Budget 2026; Gold Duty Unchanged

• Union Finance Minister Nirmala Sitharaman presented the ninth consecutive Union Budget on February 1.
• The jewelry sector received relief as no changes were made to excise or customs duty on gold in the budget.
• Shares of Titan Company Ltd. and Kalyan Jewellers India Ltd. rose by up to 4% following the budget announcement.
• Investors had feared a customs duty increase on gold, but the 6% duty remained unchanged, which is positive for companies.
• The absence of new taxes or duties means no immediate significant impact on gold prices, which are expected to remain steady.

Why It Matters: No change in gold customs duty in Budget 2026 boosts jewelry stocks and stabilizes gold prices.