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Demand for gold jewellery to surge in India despite rising prices, say jewellers

Gold prices in India continued to sparkle throughout the fiscal year 2023-2024, propelled by escalating geopolitical tensions globally. The yellow metal exhibited significant volatility, primarily influenced by decelerating growth in advanced economies and the monetary tightening policies pursued by global central banks in response to elevated inflation levels. During FY24, the price of MCX gold surged over 12%, climbing from approximately ₹59,400 per 10 grams at the year’s onset…

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