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List of the Gold Stocks in India 2025

Gold prices have surged 139% in three years as of December 2025, driven by economic uncertainty, inflation fears, and lower interest rates. This rise has made gold one of the best-performing assets in recent times. As demand for gold stays strong, companies in the gold sector may benefit from the price rally, as they offer a way to gain exposure to the gold market.

Top Gold Stocks in India (2025)

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Showing 1 - 11 of 11 results

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NameStocks (11)↓↓Sub-SectorSub-Sector↓↓Market CapMarket Cap↓↓Close PriceClose Price↓↓PE RatioPE Ratio↓↓1D Return1D Return↓↓1M Return1M Return↓↓6M Return6M Return↓↓1Y Return1Y Return↓↓PB RatioPB Ratio↓↓Return on EquityReturn on Equity↓↓ROCEROCE↓↓Dividend YieldDiv Yield↓↓Debt to EquityDebt to Equity↓↓Volatility vs NiftyVolatility vs Nifty↓
1.Titan Company LtdTITANPrecious Metals, Jewellery & WatchesPrecious Metals, Jewellery & Watches3,44,191.303,44,191.303,880.203,880.20103.14103.140.920.920.190.1912.3812.3812.6112.6129.6129.6131.7631.7636.9536.950.280.281.791.791.691.69
2.Muthoot Finance LtdMUTHOOTFINConsumer FinanceConsumer Finance1,54,067.541,54,067.543,837.603,837.6028.8928.892.772.7710.3810.3850.2050.2080.3980.395.145.1419.1319.136.816.810.680.683.313.312.562.56
3.Kalyan Jewellers India LtdKALYANKJILPrecious Metals, Jewellery & WatchesPrecious Metals, Jewellery & Watches49,495.5249,495.52479.30479.3069.2469.241.971.97-8.15-8.15-7.57-7.57-36.94-36.9410.3010.3015.9015.9021.8821.880.310.311.031.033.493.49
4.Thangamayil Jewellery LtdTHANGAMAYLPrecious Metals, Jewellery & WatchesPrecious Metals, Jewellery & Watches9,935.689,935.683,196.603,196.6083.7083.70-0.47-0.47-1.39-1.3969.9669.9657.9257.929.019.0114.8814.8816.6016.600.390.390.720.724.274.27
5.Rajesh Exports LtdRAJESHEXPOPrecious Metals, Jewellery & WatchesPrecious Metals, Jewellery & Watches5,676.375,676.37192.25192.2559.8359.83-0.09-0.097.227.22-4.18-4.18-18.85-18.850.370.372.242.241.561.56--0.040.043.373.37
6.Sky Gold and Diamonds LtdSKYGOLDPrecious Metals, Jewellery & WatchesPrecious Metals, Jewellery & Watches5,002.885,002.88323.05323.0537.7137.711.591.59-8.79-8.79-12.72-12.72-25.28-25.287.327.3228.5928.5930.3930.39--0.920.923.873.87
7.Goldiam International LtdGOLDIAMPrecious Metals, Jewellery & WatchesPrecious Metals, Jewellery & Watches4,194.334,194.33371.45371.4535.8435.84-0.26-0.263.863.863.553.55-10.98-10.985.635.6316.9516.9522.6122.610.760.760.040.044.764.76
8.D P Abhushan LtdDPABHUSHANPrecious Metals, Jewellery & WatchesPrecious Metals, Jewellery & Watches3,275.353,275.351,434.801,434.8029.0629.06-1.33-1.33-3.12-3.12-2.21-2.21-12.41-12.418.108.1035.0635.0639.5439.54--0.460.462.892.89
9.KDDL LtdKDDLPrecious Metals, Jewellery & WatchesPrecious Metals, Jewellery & Watches2,837.572,837.572,307.102,307.1029.9929.990.240.24-7.28-7.28-8.39-8.39-23.12-23.122.012.017.417.4113.0113.010.220.220.320.323.653.65
10.Tribhovandas Bhimji Zaveri LtdTBZPrecious Metals, Jewellery & WatchesPrecious Metals, Jewellery & Watches1,096.721,096.72164.35164.3516.0416.040.800.80-14.69-14.69-14.67-14.67-41.18-41.181.671.6710.8610.8621.3721.371.371.371.201.203.483.48
11.Radhika Jeweltech LtdRADHIKAJWEPrecious Metals, Jewellery & WatchesPrecious Metals, Jewellery & Watches871.78871.7873.8873.8814.5014.501.031.03-16.53-16.53-16.14-16.14-36.57-36.572.702.7020.4620.4626.4526.45--0.130.133.363.36
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Disclaimer: Please note that the above table is for informational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing. The data is derived from Tickertape Stock Screener and is subject to real-time updates.

Selection criteria: Companies that are associated with the gold sector in India, based on publicly available information.

Overview of Top Gold Stocks in India

Titan Company Ltd

Titan, a Tata Group company, dominates India’s branded jewellery market through its Tanishq brand. It combines design innovation, trust, and retail scale to drive gold jewellery sales across urban and semi-urban India. Titan is a strong consumer play on rising disposable incomes and the formalisation of the jewellery sector.

Muthoot Finance Ltd

Muthoot Finance is India’s largest gold loan NBFC, offering quick loans against gold jewellery. With deep rural and urban reach, it capitalises on India’s household gold reserves to provide affordable credit, especially to unbanked and underbanked segments, making it a key player in gold-backed lending.

Kalyan Jewellers India Ltd

Kalyan Jewellers is a leading pan-India jewellery retailer offering a wide range of gold, diamond, and precious stone ornaments. It caters to both traditional and modern consumers and is expanding rapidly through a mix of company-owned and franchise stores, focusing on transparency and regional customisation.

Thangamayil Jewellery Ltd

Based in Tamil Nadu, Thangamayil is a regional gold retailer known for its traditional designs and strong rural customer base. With a focus on trust, affordability, and community-centric service, it is a dominant player in South India's tier-2 and tier-3 jewellery markets.

Rajesh Exports Ltd

Rajesh Exports is a global leader in gold refining and jewellery export. It operates across the entire value chain from refining gold to retail through its Shubh Jewellers brand. It benefits from scale and cost leadership in global gold processing and distribution.

What are Gold Stocks?

Gold stocks in India refer to shares of companies that are involved in the mining, exploration, and production of gold or gold-related products. These companies are directly linked to the gold market, and their performance often mirrors the movement of gold prices.

How to Invest in Gold Stocks?

Investing in gold stocks in India using Tickertape is a straightforward process. Tickertape is a powerful stock analysis and screening tool that helps you make informed investment decisions. Here’s how you can use Tickertape to invest in gold stocks:

  1. Sign Up and Log In: You can create an account on the Tickertape or log in if you already have one.
  2. Search for gold stocks: Go to Tickertape Stock Screener and search for the gold related stocks.
  3. Use Filters: You can apply over 200 filters to get stocks sorted based on criteria like market cap, P/E ratio.
  4. Analyse Stock Data: Tickertape provides comprehensive data on each stock, including financials, performance metrics, future projections, red flags, and more. You can review this data to assess each company’s health and potential in-depth.
  5. Add to Watchlist: You may keep track of potential investments by adding them to your watchlist.
  6. Invest Through Your Broker: Once you’ve decided on a stock, you can place a buy order through your brokerage account linked to Tickertape.

You can stay updated with each of your favourite stocks’ alerts and announcements with Tickertape Alerts. Further, you can analyse your overall portfolio and potential red flags in it by connecting it to Tickertape. Check out detailed analysis of your portfolio now!

Overview of the Gold Industry in India

  1. The gems and jewellery sector, which includes gold, makes up about 7% of India's GDP. This is driven by strong demand both domestically and from exports.
  2. India is one of the largest gold consumers in the world, with annual demand typically between 700 and 800 tn. This demand is driven by jewellery purchases, cultural traditions, and investment buying.
  3. Indian households are among the largest private holders of gold, with estimates of around tens of thousands of tonnes, reflecting its role as a long-term store of value.
  4. Gold exports are a significant part of India's trade, with the gems and jewellery export market valued at about $32 bn each year.
  5. The Indian jewellery market, including organised gold retail, has steadily grown and is estimated to be worth $95.1 bn by 2025.

Advantages of Investing in Gold Stocks

Exposure to Physical Gold

Gold stocks give exposure to the gold sector without the need to buy, store, or insure physical gold. This removes concerns related to purity, storage costs, and safety.

Business Growth

Gold stocks represent operating businesses, unlike physical gold. These companies grow through higher production, capacity expansion, cost efficiency, and exploration success, which influences their financial performance beyond just gold price movements.

Part of the Equity Market

Gold stocks trade on stock exchanges like other shares. This allows participation through regular trading accounts and enables tracking through common stock market tools such as price charts, volumes, and financial ratios.

Global Demand Trends

Gold demand comes from several sources, such as jewellery, central bank reserves, and industrial usage. Changes in global demand patterns affect the business performance and share prices of gold-related companies.

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Risks Associated With Investing in Gold Stocks

Company-Specific Risks

Gold mining and processing companies face operational risks such as lower-than-expected production, equipment failure, labour issues, and disruptions at mining sites. These issues directly affect output levels and profitability.

High Production Cost

Gold extraction involves high costs for fuel, labour, ore processing, and environmental compliance. Rising production costs can reduce profit margins even when gold prices remain stable.

Regulatory Risks

Gold mining companies operate under strict environmental and mining regulations. Changes in mining laws, land acquisition rules, or environmental approvals can delay projects and affect production schedules.

Exploration and Resource Risk

Gold companies depend on mineral reserves for long-term operations. Lower reserve discovery, declining ore quality, or failed exploration projects can reduce future production capacity.

Equity Market Risk

Gold stocks trade as part of the equity market. Market-wide corrections, liquidity pressure, or global risk-off sentiment can pull down gold stocks even when gold prices remain stable.

Factors to Consider Before Investing in Gold Stocks

Exposure to Gold Price

Gold stock performance closely follows gold price trends. Factors like inflation, interest rates, central bank policies, and geopolitical events can impact gold prices, which in turn affect the performance of gold stocks.

Cost Structure

Gold companies face costs related to mining, refining, fuel, labour, transportation, and environmental compliance. A company’s ability to manage these costs affects its profitability, whether gold prices are rising or falling.

Production Capacity

Gold companies rely on the quantity and quality of their mineral reserves. Higher-grade reserves, steady production, and successful exploration help ensure long-term business growth.

Environmental Compliance

Mining companies must follow strict environmental laws, land-use rules, and safety regulations. Delays in approvals or changes in these regulations can slow production and impact earnings.

Research and Technology Capabilities

The defence sector evolves with advancing technology. Companies with in-house research capacity and access to advanced platforms usually adapt better to changing equipment and warfare needs.

To Wrap It Up

Gold stocks reflect changes in gold prices and the performance of gold-related companies. Business outcomes in this sector depend on factors like global gold demand, production costs, reserve quality, currency movements, and regulations. At the same time, market volatility, operational risks, and rising costs add uncertainty. Understanding these factors helps track how gold stocks perform through different market cycles.

For a detailed view of gold stocks, investors can use Tickertape Stock Screener, which offers over 200 data filters to help identify companies based on financials, valuations, performance metrics, and more.

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Frequently Asked Questions on Gold Stocks

  1. What are gold stocks?

    Gold stocks represent shares of companies involved in the gold industry, including mining, refining, jewellery manufacturing, and gold financing. These companies offer exposure to the gold market without directly purchasing physical gold.

  2. How to invest in gold stocks?

    Here's how you can invest in gold Stocks -



    1. Go to the Tickertape Stock Screener
    2. Click on 'Gold Stocks'.
    3. Analyse and sort the Gold Stocks using over 200+ filters, including valuation ratios, financials, technical indicators, and more, based on your investment thesis.
    4. Review the filtered list, and identify stocks that best align with your risk appetite, return expectations, and investment goals.
    5. Once you've shortlisted the stocks, click & Place Order to invest in your preferred Gold Stocks.

    Disclaimer: Please do your own research or consult your financial advisor before investing.

  3. What are some of the top gold stocks?

    As of 9th December 2025, some of the top gold stocks in India, as per market cap, include: 

    1. Titan Company Ltd
    2. Muthoot Finance Ltd
    3. Kalyan Jewellers India Ltd
    4. Thangamayil Jewellery Ltd
    5. Rajesh Exports Ltd

    


    Disclaimer: Please note that the above gold stocks list is for educational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing.

  4. What are the factors affecting gold share prices?

    Several factors influence gold share prices in India:

    1. Gold Prices: Fluctuations in global and domestic gold prices directly impact the profitability of gold companies.
    2. Consumer Demand: Seasonal demand during festivals and weddings can affect jewellery sales.
    3. Economic Indicators: Inflation rates, currency exchange rates, and interest rates play a role in gold's appeal as an investment.
    4. Government Policies: Import duties, taxation, and regulations can influence operational costs and margins.
    5. Global Events: Geopolitical tensions and global economic uncertainties can drive investor interest in gold as a safe-haven asset.

  5. What is the future projection of gold stocks?

    In India, 24-carat gold is trading around ₹130,210 per 10 grams (as of 9 December 2025) near record highs. It is driven by factors such as lingering inflation pressures, global uncertainty, and strong institutional demand. However, investors should remain cautious about potential volatility in the global economic environment.

    


    Disclaimer: This is only for educational purposes, as the latest data is derived from major financial research reports.

  6. How to choose Gold stocks for investing?

    Gold-related stocks in India may span jewellery retailers, gold loan providers, or firms with gold-backed assets. Factors like global gold prices, rural demand, and festive buying trends often influence how these stocks are viewed, especially in the context of inflation or currency fluctuations.

    


    Disclaimer: Please note that this is not a recommendation. Please do your own research or consult your financial advisor before investing.

  7. Do Gold stocks offer regular dividends?

    Dividend policies vary among gold companies. For instance, Muthoot Finance Ltd has a history of consistent dividend payouts, reflecting its stable earnings from gold loan operations. Titan Company Ltd also offers dividends, supported by its strong performance in the jewellery segment. However, some companies may reinvest profits for expansion, leading to lower or no dividends. Investors should review individual company announcements and historical dividend records for specifics.

    


    Disclaimer: The latest data on dividends is derived from Tickertape Stock Screener.

  8. Are gold stocks a good investment for the long term?

    Stocks linked to gold (mining, refining, jewellery) benefit from safe-haven demand and inflation hedging. However, global price volatility and import duties affect performance in the long run.

    


    Disclaimer: Please note that this is not a recommendation. Please do your own research or consult your financial advisor before investing.

  9. Is it good to invest in gold stocks?

    While gold stocks can benefit during periods of rising gold prices, they also carry risks linked to equity market volatility and company-specific operations. The suitability of gold stocks, therefore, varies based on market cycles and individual risk profiles.

    


    Disclaimer: Please note that this is not a recommendation. Please do your own research or consult your financial advisor before investing.

Disclaimer: This article is for informational purposes only. The content of the article including securities/investment products mentioned if any, should not in any manner be construed as an investment advice, recommendation, offer, solicitation to buy/hold/sell any securities/investment products. The securities quoted if any, are for illustration only and are not recommendatory. Investment in securities market are subject to market risks. Read all the related documents carefully before investing. Please consult a SEBI-registered financial advisor before investing.