New Delhi, March 18 -- Establishing gold manufacturing hubs in Special Economic Zones (SEZs), similar to the diamond industry in Surat, could enhance gold processing, attract investments, and create employment opportunities, according to a report by CareEdge.

Despite a 27 per cent rise in gold prices. India saw a 5 per cent increase in consumption to 808.8 tonnes in CY24, according to a report by the World Gold Council.

India faces a significant supply-demand gap in gold, over 80 per cent of India's gold demand is met by imports. In CY24, it produced only 18 per cent of gold for total consumption

CareEdge report says, India's gold industry has potential to become a key driver of economic growth. According to Nitu Singh, Associate Direc...