New Delhi, Feb. 1 -- PC Jeweller share price experienced a slight uptick in the early session on Sunday (February 1) before moving into red, influenced in part by significant drops in precious metal prices, especially silver.

Following a period of considerable fluctuations in bullion markets-where gold and silver had reached high levels-recent corrections in these metals have alleviated cost pressures for jewellers.

Experts indicate that jewellery stocks typically encounter challenges when gold and silver prices surge, as increased input costs can reduce consumer demand and squeeze profit margins.

On the session held on Sunday (February 1), the MCX silver price for the March futures contract decreased by Rs.7,099, or 2.43%, starting at...