{"id":34933,"date":"2026-01-29T14:10:19","date_gmt":"2026-01-29T08:40:19","guid":{"rendered":"https:\/\/gjepc.org\/solitaire\/?p=34933"},"modified":"2026-01-29T14:10:19","modified_gmt":"2026-01-29T08:40:19","slug":"indias-q4-jewellery-demand-retreats-as-gold-hits-new-peaks","status":"publish","type":"post","link":"https:\/\/gjepc.org\/solitaire\/indias-q4-jewellery-demand-retreats-as-gold-hits-new-peaks\/","title":{"rendered":"India\u2019s Q4 Jewellery Demand Retreats as Gold Hits New Peaks"},"content":{"rendered":"<p>India\u2019s gold demand in calendar year 2025 fell 11% to 710.9 tonnes from 802.8 tonnes in 2024, but the value of demand rose sharply by 30% to Rs. 751,490 crore, supported by record-high gold prices, according to data released by the World Gold Council.<\/p>\n<p>Jewellery demand declined 24% by volume to 430.5 tonnes compared with 563.4 tonnes in 2024. However, the value of jewellery demand increased 12% year-on-year to Rs. 454,390 crore. Investment demand emerged as a key driver, rising 17% in volume to 280.4 tonnes, while its value jumped 73% to Rs. 297,100 crore during the year.<\/p>\n<p>In Q4 2025, total gold demand stood at 241.3 tonnes, down 9% from Q4 2024. Despite the drop in volumes, the value of Q4 demand surged 49% year-on-year to Rs. 303,470 crore. Jewellery demand in the quarter fell 23% by volume to 145.3 tonnes, though its value rose 26% to Rs. 182,770 crore. Investment demand increased 26% to 96.0 tonnes, with value more than doubling, up 108% to Rs. 120,700 crore.<\/p>\n<p>Commenting on the trends, Sachin Jain, Regional CEO \u2013 India, World Gold Council, said: \u201cIndia\u2019s gold market in Q4 2025 clearly reflected the dual impact of record-high prices and shifting consumer behaviour\u2026 Despite the wedding season, jewellery volumes dropped by 23% to 145.3 tonnes as record-high prices and affordability pressures weighed on consumption. This volume-value divergence mirrors 2025\u2019s exceptional price rally, with gold delivering over 60% returns and 53 all-time highs.\u201d<\/p>\n<p>On investment demand, Jain said: \u201cIn contrast, investment demand emerged as a clear bright spot during the quarter. Total investment demand rose 26% year-on-year to 96.0 tonnes, while its value more than doubled to Rs. 120,700 crores, up 108% compared to Q4 2024. This strong performance highlights a growing strategic commitment among Indian investors to gold as a long-term portfolio hedge.\u201d<\/p>\n<p>On the supply side, gold imports in Q4 2025 declined 5% year-on-year to 215.1 tonnes, while recycling fell 27% to 21.7 tonnes. \u201cRecycling activity declined more sharply, suggesting that consumers are choosing to retain their gold holdings despite record prices,\u201d Jain said, adding that this reinforced gold\u2019s role as a store of wealth during periods of uncertainty.<\/p>\n<p>Looking ahead, the World Gold Council expects India\u2019s gold demand in 2026 to be in the range of 600-700 tonnes, with investment demand remaining robust amid global uncertainties and growing interest in ETFs and digital gold.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India\u2019s gold demand in calendar year 2025 fell 11% to 710.9 tonnes from 802.8 tonnes in 2024, but the value of demand rose sharply by 30% to Rs. 751,490 crore, supported by record-high gold prices, according to data released by the World Gold Council. Jewellery demand declined 24% by volume to 430.5 tonnes compared with&hellip;<\/p>\n","protected":false},"author":1,"featured_media":34934,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[83],"tags":[],"thb-sponsors":[],"class_list":["post-34933","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bulletin"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>India\u2019s Q4 Jewellery Demand Retreats as Gold Hits New Peaks - Solitaire magazine is a International jewellery magazine - India\u2019s leading B2B gem and jewellery magazine<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/gjepc.org\/solitaire\/indias-q4-jewellery-demand-retreats-as-gold-hits-new-peaks\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"India\u2019s Q4 Jewellery Demand Retreats as Gold Hits New Peaks - Solitaire magazine is a International jewellery magazine - India\u2019s leading B2B gem and jewellery magazine\" \/>\n<meta property=\"og:description\" content=\"India\u2019s gold demand in calendar year 2025 fell 11% to 710.9 tonnes from 802.8 tonnes in 2024, but the value of demand rose sharply by 30% to Rs. 751,490 crore, supported by record-high gold prices, according to data released by the World Gold Council. 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