Hyderabad, March 17 -- All India Gem and Jewellery Domestic Council (GJC) on Tuesday said rising geopolitical tensions in the Middle East could push gold prices higher and trigger short-term volatility ahead of the Akshaya Tritiya buying season, potentially impacting jewellery demand and pricing trends in India.
In a release, Industry leaders noted that the Middle East, particularly Dubai, serves as a key global bullion hub, and any escalation in the region could disrupt supply chains, affect liquidity, and influence global price discovery.
Despite potential fluctuations, demand in India is expected to remain resilient, supported by the ongoing wedding season, strong cultural affinity for gold, and the growing footprint of organised retai...