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India's gold demand drops by 10% in Q1 to 134.9 tonnes on high prices: WGC
Millennium Post Kolkata
|Kolkata 01August2025
In terms of value, gold demand witnessed a 30% rise to Rs 1,21,800 cr during Q2 of this calendar year against Rs 93,850 cr in Q2 2024
MUMBAI: India's gold demand fell by 10 per cent during the April-June quarter to 134.9 tonnes compared to 149.7 tonnes a year ago as record yellow metal prices impacted affordability, the World Gold Council (WGC) said on Thursday.
In terms of value, gold demand witnessed a 30 per cent increase to Rs 1,21,800 crore during the second quarter of this calendar year, compared to Rs 93,850 crore in the same period of 2024, as prices breached the psychological Rs 1,00,000 per 10 grams mark for the first time, WGC said in its 'Gold Demand Trends Q2 2025' report.
The surging gold prices impacted jewellery demand in the country, which declined by 17 per cent to 88.8 tonnes during the quarter under review as compared to 106.5 tonnes in the corresponding quarter in 2024.
However, the value of jewellery demand grew by 20 per cent to Rs 80,150 crore from Rs 66,810 crore recorded in the April-June quarter of 2024.
"As we reflect on the performance of India's gold market in Q2 2025, it is evident that we are witnessing a pivotal moment in consumer behaviour.
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