New Delhi, May 11 -- Titan Company, Kalyan Jewellers, Senco Gold, Sky Gold And Diamonds among other jewellery stocks crashed up to 12% on Monday after Prime Minister Narendra Modi urged citizens to postpone purchases of gold among other measures to save foreign exchange due to the crisis.

Speaking at the event in Hyderabad, PM Modi stressed the need to save foreign exchange due to the Middle East crisis, and appealed citizens to avoid buying gold for weddings for the next one year.

"We have to save foreign exchange by any means," he said.

(More to come)

Published by HT Digital Content Services with permission from MINT....