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India’s gold consumption in 2025 is expected to slow down from last year’s nine-year peak, as rising prices dampen demand for jewelry, despite an increase in investment demand, according to the World Gold Council (WGC).
Demand for gold in India is projected to be between 700 and 800 metric tons, compared to 802.8 metric tons in 2024, the highest level since 2015, said Sachin Jain, CEO of WGC’s Indian operations, in an interview with Reuters.
Historically, higher gold prices tend to first affect jewelry buyers. Jain noted that if prices continue to rise and remain volatile throughout the year, jewelry demand will likely be impacted.
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