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Consumers may resort to exchange of old gold for new as prices surge
The escalating conflict between Israel and Palestine has led to an increase in gold prices, prompting Indian consumers to sell their gold holdings in order to take advantage of the spike. Industry executives predict that gold prices could rise further if the conflict deepens. Jewellers such as Senco Gold & Diamonds and Tanishq have reported a significant increase in their gold exchange business as consumers opt to exchange their old gold jewellery for new ornaments.
