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India’s gold demand to hit 5-year low as record prices dent jewellery sales, WGC says
India’s gold consumption in 2025 is set to fall to a five-year low, as record-high prices are denting jewellery purchases, overshadowing a slight boost in investment demand, the World Gold Council said on Thursday. Gold demand in the world’s second-biggest consumer of the precious metal could stand between 600 metric tons and 700 metric tons in 2025, the lowest since 2020, and down from last year’s 802.8 tons, Sachin Jain, CEO of WGC’s Indian operations, told Reuters. Demand could reach 700 tons if prices stabilise, but a 10%–15% price rise driven by geopolitical factors may pull it down to the lower end of ... (full story)
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