Kalyan Jewellers, Titan, Motisons, other jewellery stocks rise as gold prices climb amid US-Iran peace deal

Shares of jewellery companies rose on Monday, June 15, 2026, as gold prices climbed amid easing global geopolitical conditions.

Gold futures for August delivery on the Multi Commodity Exchange of India (MCX) surged ₹2,191, or 1.46%, to ₹1,52,719 per 10 grams, amid strong spot demand and positive global cues.

In international markets, gold futures rose 2.10% to USD 4,327.80 per ounce in New York.

Shares of PC Jeweller, Thangamayil Jewellery and Sky Gold ascended 2.80%, 0.42% and 4.85%, respectively. Rajesh Exports snapped a 7-day losing streak and hit 5% upper circuit to ₹80.23 per unit on the NSE.

Meanwhile, NIFTY concluded 0.98% higher at 23,853.90, while SENSEX gained 736 points to 76,264.

The United States and Iran finalised a deal to put an end to their 107-day war and reopen the Strait of Hormuz, a critical narrow waterway utilised to ferry one-fifth of the global oil supplies, on Friday after an in-person signing of the agreement in Switzerland.

Taking to Truth Social, US President Donald Trump announced that a formal peace agreement would be inked on June 19 in Switzerland, easing pressure on the global energy markets.

According to analysts, the proposed agreement reportedly includes sanctions relief, restrictions on Iran's nuclear programme and measures to normalise the country's oil exports.

"For India, the agreement brings immediate economic relief as the conflict has exposed India's dependence on West Asia, from where it sources roughly 50 per cent of its crude oil imports, around 70 per cent of its LPG supplies and nearly 90% of its LNG imports," economic think tank GTRI Founder Ajay Srivastava said.

Brent crude, the global oil benchmark, slipped 4.55% to USD 83.36 per barrel.