Gold demand falls 16% in Sept qtr on high prices

India’s gold demand fell 16% by volume in the July-September quarter of 2025 as record-high prices dampened consumer appetite, though investment buying surged on safe-haven appeal, the World Gold Council said on Thursday.

- Press Trust of Ind

Total gold demand declined to 209.4 tonnes in the third quarter from 248.3 tonnes a year earlier, according to the industry body.

However, the value of demand jumped 23% to 22,03,240 crore from 21,65,380 crore, reflecting sharply higher gold prices.

Gold jewellery demand, which accounts for the bulk of consumption in the world’s second-largest bullion market, dropped 31% to 117.7 tonnes from 1716 tonnes. But the value of jewellery purchases remained flat at around 21,14,270 crore as buyers adjusted to elevated price levels.

Investment demand showed “remarkable strength”, rising 20% by volume to 91.6 tonnes and surging 74% in value terms to 288,970 crore from 51,080 crore, the WGC said.