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Chennai: Exports of plain gold jewellery, which had been low during the Covid years, surged 61 per cent in FY24.For FY24, exports of plain gold jewellery surged by an impressive 61.72 per cent to $.
The surge in gold prices in India has led to a shift in the jewellery industry towards using lower cartage yellow metal like 14-carat gold to make diamond jewellery more affordable for customers. This move aims to counter the impact of the rising gold prices on the demand for diamond jewellery in the domestic market.