Shares of gold jewellery companies in India saw a notable increase on Monday, driven by reports indicating a reduction in base import prices for precious metals. This development is expected to enhance the profitability of these companies by lowering input costs. Senco Gold, which reported a 46% year-on-year growth in its fourth-quarter business update, experienced a 12.1% rise in its stock price. Other companies, including Thangamayil Jewellery, Kalyan Jewellers India, Titan Company, Sky Gold and Diamonds, and PC Jeweller, also saw their shares increase by 3-7%. Analysts attribute the positive sentiment to strong business updates from Senco Gold and PC Jeweller, which recorded a 32% year-on-year revenue growth. The anticipated demand for gold jewellery during the summer wedding season and festivals such as Akshaya Tritiya is expected to further bolster sales in the coming quarters. Despite recent market volatility due to geopolitical tensions in West Asia, analysts remain optimistic about the jewellery sector as global gold prices stabilize, allowing Indian jewellers to restock at favorable levels.