India's gold imports in 2024 may plummet by nearly 20% from the previous year due to record high prices driving consumers to swap old jewellery for new, according to the India Bullion and Jewellers Association. Rising prices have shifted buyers towards exchanging old ornaments, impacting jewellery demand more than investments.

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Mumbai , Maharashtra , India , Pune , Amit Modak , Vinayak Patil , Chenaji Narsinghji , Prithviraj Kothari , Ashok Jain , Reuters , World Gold Council , Jewellers Association , India Bullion ,