Last Updated on Jun 4, 2024 by Anjali Chourasiya
Gold has always been a cherished asset in India, symbolising wealth and financial security. Traditionally, gold investments were limited to physical forms such as jewellery and bullion. However, with the advent of modern financial instruments, investors now have the option to invest in gold stocks, providing a unique avenue to benefit from the precious metal’s market performance. This article explores the best gold stocks in India, detailing how to invest in them, the benefits and risks involved, and the factors to consider before making an investment.
Table of Contents
What are Gold Stocks?
Gold stocks refer to shares of companies involved in the mining, refining, and marketing of gold. These companies’ performance is closely tied to the price of gold. Investing in gold stocks allows investors to gain exposure to the gold market without owning physical gold. This method provides a diversified investment option within the precious metals sector and can include shares of gold mining companies, gold-related stocks, and firms involved in gold production.
Best Gold Stocks in India in 2024
| Name | Market Cap (Rs. in cr.) | Close Price (Rs.) | PE Ratio | 1Y Return (%) | Net Profit Margin (%) | Fundamental Score |
| Goldiam International Ltd | 1,863.04 | 156.45 | 20.47 | 18.08 | 14.76 | 9.37 |
| Thangamayil Jewellery Ltd | 3,458.02 | 1,248.20 | 28.06 | 65.59 | 3.22 | 8.70 |
| Titan Company Ltd | 302,948.15 | 3,261.20 | 86.66 | 14.20 | 6.77 | 6.55 |
| Tribhovandas Bhimji Zaveri Ltd | 738.04 | 103.50 | 13.56 | 31.85 | 2.36 | 5.58 |
| Rajesh Exports Ltd | 8,939.00 | 288.35 | 26.64 | -52.26 | 0.12 | 3.37 |
| PC Jeweller Ltd | 2,266.52 | 48.65 | -3.60 | 101.45 | -93.95 | 3.30 |
| Kanani Industries Ltd | 72.22 | 3.60 | 114.64 | -12.73 | 0.28 | 3.24 |
| Kalyan Jewellers India Ltd | 41,425.51 | 390.95 | 69.35 | 251.57 | 3.21 | 1.61 |
| KDDL Ltd | 3,148.63 | 2,493.80 | 30.66 | 89.59 | 7.23 | 1.21 |
Note: The gold companies’ share price is noted on 3rd June 2024. The list of best gold stocks in India are filtered on the basis of their Fundamental Score (high to low) on the Tickertape Stock Screener.
- Sector: Precious Metals, Jewellery & Watches
🚀 Pro Tip: Use Tickertape’s Portfolio Analysis to assess your investment portfolio’s diversification and performance.
A Brief on the Filters Used To Discover the Best Highest Dividend-Paying Stocks in India
Fundamental Score: It is a smallcase proprietary score between 1 and 10 which is assigned to stocks listed on NSE. The score helps rank the stock versus all other stocks in the respective sector. Higher the score, the better the company. The score is calculated taking into consideration factors like valuation, profitability, market share growth, financial health and earnings growth of the company.
How to Invest in Stocks with smallcase?
Find out how you can easily invest in electric vehicle stocks through professionally managed portfolios on smallcase.
But first, let’s explain what smallcase is all about.
smallcases are modern investment products that help investors build low-cost, long-term & diversified portfolios with ease. A smallcase is a basket or portfolio of stocks/ETFs representing an idea – an objective, theme, or strategy. They are created and managed by SEBI-registered experts.
Among 500+ smallcases, here’s the top smallcases you can check out:
Note: These smallcases are mentioned only for educational purposes and are not meant to be recommendatory. Investors must conduct their own research and consult a financial expert before making any investment decisions.
- Disclosure for Equity & Gold
- Disclosure for Mi EverGreen
Overview of the Best Gold Stocks in India
Goldiam International Ltd
Goldiam International Ltd, founded in 1986, is a leading exporter of diamond jewellery from India with a strong presence in international markets, particularly in the USA. The company specialises in the manufacturing of diamond-studded gold and platinum jewellery. As of 3rd June 2024, Goldiam International Ltd had a market capitalisation of Rs. 1,863.04 cr. and a closing price of Rs. 156.45. The company has a PE ratio of 20.47, a 1-year return of 18.08%, and a net profit margin of 14.76%.
Goldiam International Ltd is committed to sustainable practices and ethical sourcing of diamonds. It has a high fundamental score of 9.37/10. For a comprehensive analysis, visit Goldiam’s Tickertape page to explore detailed financials, forecasts, and peer comparisons.
Thangamayil Jewellery Ltd
Founded in 2000, Thangamayil Jewellery Ltd is a prominent jewellery retailer in South India, known for its extensive range of gold, silver, and diamond jewellery. The company operates over 40 showrooms across Tamil Nadu, Kerala, and Karnataka. As of 3rd June 2024, Thangamayil Jewellery Ltd had a market capitalisation of Rs. 3,458.02 cr. and a closing price of Rs. 1,248.20. The company has a PE ratio of 28.06, a 1-year return of 65.59%, and a net profit margin of 3.22%.
The company focuses on expanding its retail footprint and enhancing its product offerings to cater to diverse customer preferences. The fundamental score is 8.7/10. Check out this page for in-depth analysis and insights for Thangamayil Jewellery Ltd.
Titan Company Ltd
Titan Company Ltd, a part of the Tata Group, is India’s largest lifestyle company, renowned for its watches, jewellery, and eyewear. The company operates through several popular brands, including Tanishq, Titan Eye+, and Fastrack. As of 3rd June 2024, Titan Company Ltd had a market capitalisation of Rs. 302,948.15 cr. and a closing price of Rs. 3,261.20. With a high PE ratio of 86.66, the company has delivered a 1-year return of 14.20% and a net profit margin of 6.77%.
Titan is also expanding its presence in the international market, with a focus on innovation and customer-centricity. The fundamental score stands at 6.5/10. For detailed financials and peer comparisons, visit Titan’s Tickertape page.
Tribhovandas Bhimji Zaveri Ltd
Established in 1864, Tribhovandas Bhimji Zaveri Ltd (TBZ) is a well-known jewellery retailer in India with a legacy of trust and quality. TBZ offers a wide range of gold, diamond, and platinum jewellery and has a strong presence in major Indian cities. As of 3rd June 2024, TBZ had a market capitalisation of Rs. 738.04 cr. and a closing price of Rs. 103.50. The company has a PE ratio of 13.56, a 1-year return of 31.85%, and a net profit margin of 2.36%.
TBZ is committed to innovation in design and customer satisfaction. The fundamental score is 5.5/10. Explore TBZ’s financial performance and forecasts here.
Rajesh Exports Ltd
Rajesh Exports Ltd, founded in 1989, is a global leader in the gold business, spanning refining, manufacturing, and retail. The company exports products to over 60 countries and operates a retail jewellery chain under the brand name ‘Shubh Jewellers’. As of 3rd June 2024, Rajesh Exports Ltd had a market capitalisation of Rs. 8,939.00 cr. and a closing price of Rs. 288.35. The company has a PE ratio of 26.64, a negative 1-year return of -52.26%, and a net profit margin of 0.12%.
Rajesh Exports is focused on expanding its retail network and enhancing its product range. The fundamental score is 3.3/10. Visit Rajesh Exports’ Tickertape page for a detailed analysis and financial insights.
PC Jeweller Ltd
PC Jeweller Ltd, established in 2005, is one of India’s leading jewellery retail chains with a wide range of gold, diamond, and silver jewellery. The company has a significant presence across India with over 80 showrooms. As of 3rd June 2024, PC Jeweller Ltd had a market capitalisation of Rs. 2,266.52 cr. and a closing price of Rs. 48.65. The company shows a negative PE ratio of -3.60, a remarkable 1-year return of 101.45%, and a net profit margin of -93.95%.
PC Jeweller focuses on innovation and customer satisfaction to drive growth. The fundamental score stands at 3.3/10. For in-depth analysis of PC Jeweller Ltd, visit this page.
Kanani Industries Ltd
Kanani Industries Ltd, founded in 1983, specialises in the manufacture and export of diamond-studded jewellery. The company operates a state-of-the-art manufacturing facility in Surat. As of 3rd June 2024, Kanani Industries Ltd had a market capitalisation of Rs. 72.22 cr. and a closing price of Rs. 3.60. The company has a high PE ratio of 114.64, a negative 1-year return of -12.73%, and a net profit margin of 0.28%. Kanani Industries focuses on quality and innovation in its product offerings. The fundamental score is 3.24/10. For comprehensive insights, check out this page.
Kalyan Jewellers India Ltd
Kalyan Jewellers India Ltd, founded in 1993, is one of India’s largest jewellery retail chains, known for its extensive network and wide range of gold, diamond, and studded jewellery. The company has over 150 showrooms across India and the Middle East. As of 3rd June 2024, Kalyan Jewellers India Ltd had a market capitalisation of Rs. 41,425.51 cr. and a closing price of Rs. 390.95. The company has a PE ratio of 69.35, a significant 1-year return of 251.57%, and a net profit margin of 3.21%.
Kalyan Jewellers is focused on expanding its footprint and enhancing customer experience. The fundamental score is 1.61/10. Visit Kalyan Jewellers’ Tickertape page for detailed analysis and forecasts.
KDDL Ltd
KDDL Ltd, established in 1983, is a leading manufacturer of watch components and also operates a chain of luxury watch retail stores under the brand ‘Ethos’. The company has a strong presence in the premium watch segment. As of 3rd June 2024, KDDL Ltd had a market capitalisation of Rs. 3,148.63 cr. and a closing price of Rs. 2,493.80. The company has a PE ratio of 30.66, an impressive 1-year return of 89.59%, and a net profit margin of 7.23%.
KDDL focuses on innovation and customer satisfaction. The fundamental score is 1.21/10. For a detailed analysis, visit this page.
How to Invest in Gold Stocks in India?
Investing in gold stocks in India is relatively straightforward and can be done through the stock market. Here are the steps to get started:
- Open a Demat Account: To trade gold stocks, a Demat account with a brokerage firm is required.
- Research Gold Companies: Evaluating the financial health, historical performance, and market position of gold companies in India may help in making informed decisions.
- Select Gold Stocks: Based on research, investors can choose from a list of gold stocks in India.
- Place an Order: Orders can be placed through the trading platform to buy shares of the selected gold companies.
Digital Gold Investment
Apart from traditional gold stocks, digital gold is an emerging investment option. Digital gold allows for the purchase of gold online without the need for physical storage. This investment is secure and can be easily liquidated.
How to Invest in Digital Gold on Tickertape?
To buy digital gold on Tickertape, follow the below steps –
- Login to Tickertape using a valid mobile number
- Navigate to the Gold section on the home screen
- Click on ‘Invest now in Digital Gold’
- Set your investment amount along with the investment plan – SIP/lump-sum
Here’s a video showcasing how to invest in digital gold on Tickertape – LINK
Benefits of Investing in Gold Stocks in India
Investing in gold stocks in India offers several advantages:
- Liquidity: Gold stocks can be easily bought and sold on the stock market, providing liquidity.
- Diversification: Adding gold stocks to a portfolio can diversify investments, potentially reducing overall risk.
- Potential for High Returns: Gold stocks may offer substantial returns, especially during periods of rising gold prices.
- Inflation Hedge: Gold is often considered a hedge against inflation, maintaining its value when other investments falter.
Risks of Investing in Gold Stocks
Despite the benefits, investing in gold stocks also comes with risks:
- Market Volatility: Gold stock prices can be highly volatile, influenced by various factors including gold prices, market conditions, and company performance.
- Operational Risks: Mining companies face operational risks such as production costs, labour issues, and regulatory changes.
- Economic Factors: Global economic conditions, interest rates, and geopolitical events can significantly impact gold stock prices.
Factors to Consider Before Investing in Digital Gold
Before investing in digital gold, consider the following factors:
- Storage and Security: Platforms offering digital gold investments may provide secure storage and insurance for your investment.
- Transaction Costs: Be aware of any transaction fees or charges associated with buying and selling digital gold.
- Market Trends: Staying updated with market trends and gold prices might help in making informed investment decisions.
- Platform Reliability: Choosing a reliable and reputable platform for digital gold investments is essential.
Conclusion
Investing in gold stocks in India offers a modern approach to gain exposure to the gold market. Whether through traditional gold stocks or digital gold, investors have various options to diversify their portfolios and potentially reap significant returns. However, it is crucial to conduct thorough research and consider the associated risks before making any investment decisions.
FAQs
1. What are gold stocks in India?
Gold stocks in India refer to shares of companies engaged in gold mining, refining, and marketing.
2. How can I invest in gold stocks in India?
Investing in gold stocks can be done by opening a Demat account, researching gold companies, selecting suitable stocks, and placing an order through a trading platform. You can also buy gold via Tickertape within a few clicks. Explore now!
3. What is digital gold?
Digital gold is a modern way to invest in gold without physically holding it. Here’s how it works:
– Purchase Online: Investors can buy digital gold through online platforms or apps provided by financial institutions and fintech companies.
– Secure Storage: The purchased gold is stored in secured vaults by the provider, ensuring safety and eliminating the need for physical storage.
– Easy Liquidation: Digital gold can be easily sold back to the platform or converted into physical gold if required, offering flexibility and liquidity.
– Fractional Ownership: Investors can buy small fractions of gold, making it accessible to everyone, regardless of the investment amount.
You can invest in digital gold via Tickertape within a few clicks. Explore now!
4. What are the benefits of investing in gold stocks?
Benefits of investing in gold stocks include liquidity, diversification, potential for high returns, and serving as an inflation hedge.
5. What should I consider before investing in digital gold?
Factors to consider include storage and security, transaction costs, market trends, and platform reliability.
As an investment fanatic, I’ve dabbled in early-stage startups, mutual funds, gold, stocks, smallcases, and real estate to identify which assets generate the highest ROI. At Tickertape, I’m dedicated to presenting my learning and providing insightful suggestions to help my readers make sound investment decision.
- Best Gold Stocks in India for 2024 - Jun 4, 2024
- PE Ratio of Nifty 50 Stocks (2024) - May 23, 2024
- Nifty 50 Stocks With 1-Month High Return - May 23, 2024
