Gems & jewellery sector banks on Centre's support for growth

Government support may help the industry to mark growth in 2020, compared to decline in 2019

The gems and jewellery industry in the country is expecting gold prices to be volatile during 2020, as the hostility between the US and Iran may continue this year. 
 

Notwithstanding the price volatility, the industry hopes that various forms of government support may help it grow 10 per cent in terms of volume during the year as compared to a 10-15 per cent decline in 2019.

“The other day, when missiles were fired by Iran, gold prices touched $1610 and in the Indian market crossed Rs 42,000. But luckily, the same night, US President Donald Trump said the country embraced