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High prices weigh on gold jewellery demand
Financial Express Kochi
|August 01, 2025
Slippery Slope
INDIA'S GOLD DEMAND for jewellery contracted by 17% to 88.8 tonne during the April-June quarter, the World Gold Council (WGC) said in a report on Thursday. However, there was a 7% increase in demand for physical gold, taking it to 46.1 tonne despite the surge in prices.
"Combined with high prices, jewellery demand will likely remain subdued as consumers are anecdotally adapting less quickly to high prices than they have historically," the 'Gold Demand Trends Q2 2025' report by WGC stated.
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