Lates News

The World Gold Council released a report on Thursday stating that record-high gold prices are suppressing jewelry demand in India, the world's second largest gold market. It is expected that the country's gold imports will decrease this year. The report indicates that India's gold imports in 2025 have already decreased by 11% to 710.9 tons, and could further drop to 600-700 tons in 2026. The soaring gold prices are forcing Indian buyers to reduce their purchases or choose lighter jewelry. Global jewelry consumption reached a five-year low of 1,542 tons in 2025, with all major markets seeing a decrease in demand, including India where jewelry demand plummeted by 24% to 430.5 tons. Some of the demand has shifted towards the investment sector, with India's purchases of gold bars and coins increasing by 17% to 280.4 tons in 2025, partially offsetting the weakness in jewelry sales.