Middle East Tensions May Push Gold Prices Higher Before Akshay Tritiya: Industry Prepares for Volatility Mumbai: The All India Gem & Jewellery Domestic Council (GJC) stated that rising geopolitical tensions in the Middle East could lead to short-term volatility in global gold prices ahead of the Akshay Tritiya buying season, potentially influencing jewellery prices and consumer purchasing trends in India. Industry leaders noted that the Middle East, particularly Dubai, remains a key global hub for bullion trade and a major gateway for gold entering Asian markets, including India. Any escalation in the region could impact global bullion liquidity, disrupt supply chains, and influence price discovery. Despite potential price fluctuations, the Indian jewellery industry expects demand to remain steady, supported by the ongoing wedding season, strong cultural affinity for gold, and the growing presence of organised retail. Consumers are increasingly opting for lighter gold jewelle...