India staring at likely gold, diamond shortage after US and Israeli strikes on Iran
Published on: March 2, 2026, 1:33 a.m. | Source: The Economic Times
India's gold and diamond supplies are at risk. Dubai's airspace closure is disrupting crucial trade routes. This impacts India's position as a major consumer of gold and a leader in diamond polishing. The disruption stems from escalating regional tensions. This situation could lead to shortages of these precious commodities for the nation.
