According to the WGC forecast, the demand for gold from India is expected to be between 700-800 tons. | Photo credit: Francis Mascarenhas
Of India golden The demand witnessed a 15 percent decrease in the year (year-on-year to 118.1 tons in the quarter of January-March this year, even as the value grew 22 percent to ₹ 94,030 million rupees due to the prices increasing, the world gold counter.
According to the WGC forecast, India golden The demand of 2025 is expected to be between 700-800 tons.
Gold prices have increased by 25 percent since the beginning of 2025, approaching the Key psychological threshold or ₹ 1.00,000 for 10 gramsAffecting consumers’s purchase patterns.
“High prices have affected affordability. However, The lasting cultural importance of gold, especially ahead of Akshaya Tritiya And next wedding season, he continues to support the purchase of feeling, “said the WGC India CEO, Sachin Jain, in his quarterly report.
According to experts, the gold market is humming with emotion in the auspicious occasion of Akshaya TritiyaThat has an immense cultural significance in India, marking traditional an increase in gold purchases.
Record prices have pushed consumers to narrower and light pieces, with some postponement purchases with the hope of price drops. Despite this, the demand related to the wedding remained relatively stable given its essential nature.
Experts believe, while current price levels can promote some to have caution, the cultural importance of gold duration Akshaya TritiyaTogether with his durable status as a reliable asset, he suggests a continuous positive impulse in the purchase, they added.
However, the investment demand remained resistant with an increase of 7 percent to 46.7 tons, of 43.6 tons in the corresponding period.
More, in the midst of the uncertainty of the financial market, the gold role as a safe asset has become more pronounced, and was reflected in a strong increase in the demand for golden bars and currencies.
Minimum of 5 years
However, the demand for jewelry decreased by 25 percent to 71.4 tons of doors the first quarter of the 2025 calendar year, of 95.5 tons in the period of the previous year. This was the lowest volume since 2020, although the value was 3 percent more internal to year, cordination to WGC.
Gold imports increased 8 percent to 167.4 tons in the quarter of January-March, while recycling fell 32 percent to 26 tons, since consumers kept their gold in a record of record prices.
The average price of quarterly gold in the first quarter of this year was ₹ 79,633.4 for ten grams, compared to ₹ 55.247.2 in the fourth quarter of 2024.
Meanwhile, the global gold demand has increased by 1 percent to 1,206 tons in the quarter of January-March of 2025, the highest level of the first quarter since 2019.
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Posted on April 30, 2025
