India's Gold Demand Drops 11% in 2025 Amid Record Prices: WGC Report
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News18•29-01-2026, 12:45
India's Gold Demand Drops 11% in 2025 Amid Record Prices: WGC Report
- •India's gold demand fell by 11% to 710.9 tonnes in 2025, down from 802.8 tonnes in 2024, primarily due to record-high prices and changing consumer buying patterns.
- •Despite the volume decline, the value of gold demand surged by 30% to Rs 7,51,490 crores in 2025, driven by a 67% increase in average gold prices.
- •Jewellery demand decreased by 24% to 430.5 tonnes in 2025, with record prices and affordability issues impacting consumption even during the wedding season.
- •Investment demand, however, saw a significant rise, increasing by 26% year-on-year to 96 tonnes, with its value more than doubling to Rs 120,700 crore.
- •WGC forecasts India's gold demand to be between 600-700 tonnes in 2026, anticipating continued benefits from global uncertainties and a softer interest rate environment.
Why It Matters: Record high gold prices led to an 11% drop in India's gold demand by volume in 2025, but value surged.
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