India’s gold demand fell 11% to 710.9 tonnes in 2025 due to record-high prices, but value rose 30% to ₹7.51 lakh crore. Jewellery demand declined, while investment demand surged. 2026 demand is projected at 600–700 tonnes
Global gold demand remained largely flat in 2024, registering a marginal 1 per cent growth from the previous year to 4,974 tonnes, mainly due to a decline in jewellery demand following high prices, softer economic growth and heightened global uncertainties, says World Gold Council
