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High gold prices hit demand
Financial Express Hyderabad
|October 31, 2025
Exchange of old jewellery for new has resulted in a fall in imports
INDIA WITNESSED ITS weakest third quarter for jewellery consumption since 2020 at 118 tonne, following the surging prices of gold.In the September quarter, jewellery demand was down 31% compared to the year-ago period. In September last year, the demand was at a nine-year high of 171.6 tonne.
However, according to the Gold Demand Trend report for the quarter, released on Thursday by the World Gold Council, in rupee terms, the jewellery demand was almost equal to last year’s 1.143 lakh crore.
Gold demand fell 16% by volume in the quarter under review though investment buying surged on the safe-haven appeal, the WGC said. Total investment demand was at 91.6 tonne, up 20%. However, in value terms, it was higher at %88,900 crore.
This story is from the October 31, 2025 edition of Financial Express Hyderabad.
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