Indian jewelry shares sold off on September 1 after Prime Minister Narendra Modi again urged citizens to avoid buying gold unless necessary, limit non-essential overseas travel and reduce fuel consumption. Kalyan Jewellers fell nearly 7%, Augmont Enterprises slid as much as 6%, and PC Jewellers and Titan Company each declined about 2%, while Senco Gold gained 3.3%. The appeals come as gold imports and India’s trade deficit widen, although the Reserve Bank of India’s foreign-exchange reserves reached a record $729.3 billion in the week ended August 21.