India has the potential to turn out to be a worldwide manufacturing hub for gems and jewelry, based on Union Commerce and Industry Minister Piyush Goyal. Speaking on the annual World Jewellery Confederation Congress in Jaipur, Goyal highlighted the importance of the business to India’s economic system, with its contribution to annual merchandise exports and employment of almost 5 million folks Jewelery News. Gold demand and costs are anticipated to rise in 2024 due to geo-political uncertainties, debt disaster, and central financial institution purchases. India’s sovereign gold bonds will encourage traders to see gold instead asset class. Efforts are being made to bridge the belief deficit and enhance transparency within the gold industry.

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