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Gold Stocks in India continue to deliver strong long-term performance despite short-term price ups and downs.
Branded jewellery players like Titan and Thangamayil Jewellery delivered high multi-year returns.
Valuations are costly in many Gold Stocks, so stock selection matters more than sector hype.
Gold-related stocks in India continue to stay strong, thanks to the steady demand for jewellery, weddings, festivals, and long-term gold investment habits. Precious Metals, Jewellery & Watches companies have shown mixed short-term movement, but long-term returns remain impressive.
Many listed jewellery brands expanded retail presence, improved margins, and benefited from organised sector growth. Let’s take a look at some of the best-performing gold stocks in India based on returns, valuation, and business strength.
Ethos Ltd operates in the Precious Metals, Jewellery & Watches segment, focusing mainly on luxury watches. The market price stands at 2,511.50, with a 52-week high of 3,245.90 and a 52-week low of 1,931.84. Market capitalisation is 6,720.19 crores, placing it in the small-cap category.
The PE ratio is high at 69.79 compared to the industry PE of 40.81, showing a premium valuation. The PB ratio is 6.84, and the dividend yield is zero. ROE is recorded at 10.32%. One-year returns are 3.04%, while three-year returns jumped to 165.81% and five-year returns reached 223.76%. Ethos benefits from rising luxury spending, though valuation remains expensive.
Titan Company Ltd is the largest name in Precious Metals, Jewellery & Watches. The current market price is 4,018.60 with a 52-week high of 4,312.10 and a low of 2,925.00. Market cap is massive at 356,468.01 crores, making it a large-cap stock.
PE ratio stands at 106.82, much above the industry PE of 40.81. The PB ratio is very high at 30.67, and the dividend yield is 0.27%. ROE remains strong at 31.76%. One-year returns are 19.73%, three-year returns are 69.94%, and five-year returns are 169.49%. Titan continues to dominate jewellery and watch retail, even though valuation looks stretched.
Thangamayil Jewellery Ltd is a small-cap stock with a strong regional presence. Market price is 3,632.90, 52-week high is 4,149.00, and 52-week low is 1,523.10. Market cap stands at 11,291.79 crores.
The PE ratio is 95.12 against the industry PE of 40.81. PB ratio is 10.24 with a dividend yield of 0.34%. ROE is 14.88%. One-year returns are very high at 116.91%; three-year returns reached 601.90%; and five-year returns reached an exceptional 1,162.43%. This stock clearly shows strong growth, though the valuation is expensive.
Also Read: Top Gold Stocks on the TSX in 2025: Best Performers
Goldiam International Ltd trades at 309.45 with a 52-week high of 563.00 and a low of 251.35. Market capitalisation is 3,494.24 crores, classifying it as a small-cap.
The PE ratio is 29.86, below the industry PE of 40.81, suggesting a reasonable valuation. PB ratio is 4.69, and dividend yield is healthy at 0.92%. ROE stands at 16.95%. One-year returns are negative at -35.19%, but three-year returns are 84.42%, and five-year returns are a strong 650.00%. Export demand and cost control helped long-term growth.
Senco Gold Ltd is another small-cap jewellery retailer. Market price is 311.70, 52-week high is 546.65, and 52-week low is 227.40. Market cap is 5,103.10 crores.
The PE ratio is 32.03 compared to the industry PE of 40.81. PB ratio is 2.59 with a dividend yield of 0.32%. ROE is relatively low at 9.55%. One-year returns are -33.36%, while three-year and five-year returns are both 53.81%. Short-term weakness is visible, but business expansion continues.
PC Jeweller Ltd trades at a very low market price of 10.66. The 52-week high is 19.65 and low is 8.67. Market capitalisation stands at 7,812.18 crores.
The PE ratio is 13.52, much lower than the industry average. PB ratio is 1.26, and dividend yield is zero. ROE is 12.66%. One-year returns are -24.29%, three-year returns are 63.50%, and five-year returns are 314.79%. The stock shows signs of recovery, but risks are still high.
Kalyan Jewellers India Ltd is a midcap stock priced at 373.55. The 52-week high is 617.70, and the low is 369.85. Market cap is 38,575.11 crores.
PE ratio is 53.97 against the industry PE of 40.81. PB ratio is 8.03 with a dividend yield of 0.40%. ROE stands at 15.90%. One-year returns are -23.08%, three-year returns are 212.33%, and five-year returns are 396.74%. The company benefits from a wide brand reach and steady expansion.
Also Read: Top Gold Stocks In India for 2025
Gold stocks in India show strong long-term wealth creation, especially among organised jewellery retailers. While short-term returns are uneven, companies with brand trust, retail expansion, and balance sheet strength continue to perform well over longer periods. Valuations remain high in many cases, so careful analysis is needed before investment decisions.
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FAQs
What are Gold Stocks in India?
Gold Stocks in India are companies involved in jewellery, gold retail, watches, and precious metals business.
Are Gold Stocks good for long-term investment?
Yes, many Gold Stocks showed strong 3 year and 5 year returns due to rising organised jewellery demand.
Which Gold Stock performed best in recent years?
Thangamayil Jewellery showed very high 3-year and 5-year returns compared to peers.
Is Titan Company a safe Gold Stock?
Titan is considered stable due to its strong brand and scale, but valuation is on the higher side.
Do Gold Stocks give dividends?
Some Gold Stocks offer small dividends, but most focus more on growth than income.
