New Delhi, July 27 -- The pause in hostilities between the US and Iran is expected to support gold demand in India by cooling prices and reducing volatility, encouraging consumers who had delayed purchases to return to the market ahead of the festive and wedding season, industry experts said.

Colin Shah, Managing Director of Kama Jewelry, said the de-escalation in geopolitical tensions has eased the risk premium in gold prices, creating an opportunity for buyers who had been waiting on the sidelines.

"The reported pause and de-escalation in US-Iran tensions have brought a temporary breather in terms of a natural cool-down in gold prices. While this reduces the risk premium, it simultaneously has made both international and domestic buye...