Gold consumption in India, the world’s second-biggest buyer, is expected to rebound in 2021 after plunging to the lowest in more than two decades, according to the World Gold Council. Demand is expected to jump closer to the 690 tons bought in 2019 as the country’s economy shows signs of recovery, P R Somasundaram, managing director at the council for India, said in an interview. Goldsmiths had one of the worst years in 2020, when demand slumped by more than a third to 446.4 tons, the lowest since 1994, as coronavirus-related lockdowns, curbs on movements, record high prices and lower incomes slashed spending on jewelry, WGC data showed.