New Delhi, Sept. 2 -- Gold stock Augmont Enterprises, which made its stock market debut on Monday, is trading 5% higher on NSE in Wednesday's trading session. Augmont Enterprises share price opened at Rs.869.80 apiece today, as compared to previous close of Rs.866.25 on Tuesday. The gold stock touched an intraday high of Rs.925.65 on 2 September.

The stock rally came even as Prime Minister Narendra Modi renewed his appeal on September 1 to Indians to refrain from purchasing gold.

India is among the world's largest gold consumers, while domestic production remains significantly lower than demand. Consequently, the country depends heavily on imports to cater to demand from both the jewellery and investment segments.

For Indian households...