India’s gold demand dropped 15% year-on-year to 118.1 tonnes in January–March 2025, despite a 22% rise in value. The World Gold Council attributed the decline to a 25% surge in prices, with rates nearing ₹1,00,000 per 10 grams. Yet, cultural festivals like Akshaya Tritiya and weddings sustained interest in gold.

BulletsIn

• Gold demand down 15% to 118.1 tonnes in Jan–Mar 2025
• Value up 22% to ₹94,030 crore due to price surge
• Gold prices up 25% in 2025; nearing ₹1,00,000/10g
• Jewellery demand down 25%, lowest since 2020
• Wedding season and Akshaya Tritiya keeping demand stable
• Shift towards lightweight jewellery; some delay purchases
• Investment demand up 7% to 46.7 tonnes
• Gold bars, coins in demand amid market uncertainty
• Gold imports up 8% to 167.4 tonnes; recycling down 32%
• Global gold demand up 1% to 1,206 tonnes, highest since 2019