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UAE, Bahrain account for over 85% of India's plain gold jewellery exports in FY24

India s FY24 plain gold jewellery exports soared by 61.72% to US$ 6,792.24 million, led by UAE and Bahrain capturing over 85% market share.

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Gold Jewellery Exports: UAE, Bahrain account for over 85% of India's plain gold jewellry exports in FY24, ET Retail

In FY24, India witnessed a significant surge in plain gold jewellery exports, notably to UAE and Bahrain, comprising over 85% of the total, reaching $6,792.24 million. Total gold jewellery exports rebounded by 46.91% in the latter half of the year after a decline in the first half. Chairman of GJEPC, Vipul Shah, credited this growth to pragmatic foreign trade agreements like the India-UAE CEPA.

gold jewellery exports: UAE, Bahrain account for over 85% of India's plain gold jewellry exports in FY24

In FY24, India witnessed a significant surge in plain gold jewellery exports, notably to UAE and Bahrain, comprising over 85% of the total, reaching $6,792.24 million. Total gold jewellery exports rebounded by 46.91% in the latter half of the year after a decline in the first half. Chairman of GJEPC, Vipul Shah, credited this growth to pragmatic foreign trade agreements like the India-UAE CEPA.

Plain gold jewellery exports up by 61.72% to $6792.24 million in FY24, UAE emerges as a significant market