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Gold Demand Falls 15% in Q4 on High Prices: WGC
Hindustan Times Pune
|May 01, 2025
India's gold demand witnessed a 15% on-year decline to 118.1 tonnes in the January-March quarter of this year, even as value grew by 22% to ₹94,030 crore due to surging prices, the World Gold Council (WGC) said on Wednesday.
NEW DELHI:
According to the WGC forecast, India's gold demand for 2025 is expected to be between 700-800 tonnes.
Gold prices have risen 25% since the beginning of 2025, approaching the key psychological threshold of ₹1,00,000 per 10 grams, affecting consumer buying patterns.
"The elevated prices have impacted affordability. Yet, the enduring cultural significance of gold, especially ahead of Akshaya Tritiya and the upcoming wedding season, continues to support buying sentiment," WGC India CEO Sachin Jain said in its quarterly report.
This story is from the May 01, 2025 edition of Hindustan Times Pune.
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