Kaushlendra Sinha, CEO of the Indian Association for Gold Excellence and Standards, stated that the recent surge in gold prices is not expected to dampen the demand for jewellery during the approaching wedding and festive period. He noted that smaller cities are seeing increased activity as major retailers grow their presence in these regions. On Monday, gold reached a three-month peak, with bullion values climbing 1.2% to surpass ₹4.45 lakh per 31 grams.

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