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Gold demand declined 15% in Q1 amid high prices: WGC
The Business Guardian
|May 01, 2025
Safe-haven gold's demand, in volume terms, has dropped in Indian markets in the January-March quarter of 2025, due to an unprecedented rise in its prices.
According to the World Gold Council, India's gold demand in the first quarter of 2025 stood at 118.1 tonnes, a total 15 per cent drop from 139 tonnes in the same period of last calendar year.
But notably, this decline in sales volume was offset by a 22 per cent surge (in rupee terms) in the overall value of demand, propelled by soaring global gold prices, which have risen 25 per cent since January 2025.
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