GJ Town India

  Gold jewellery demand decline 19% y/y in consumption for Q3, 2025   The World Gold Council’s Q3 2025 Gold Demand Trends report reveals that quarterly gold demand reached 1,313t, or US $146bn in value terms and was the highest quarter for demand on record. Growth was driven primarily by investment demand which accelerated in Q3 reaching 537t (+47% y/y) and accounted for 55% of overall net gold demand.    This momentum was driven by a powerful combination of an uncertain and volatile geopolitical environment, US dollar weakness and investor FOMO as the price climbed higher.    Investors continued to pile into physically backed gold ETFs for a third consecutive quarter, adding a further 222t with global inflows reaching US$26bn. Year-to-date, gold ETFs have added a total of 619t (US$64bn) to their holdings with North American listed funds leading the charge (346t), followed by European (148t) and Asian funds (118t).    Bar and coin ...

  Investment demand grew impressively 20% & increase in value 74%   Recently the World Gold Council [WGC] released, India Gold Demand Data for the Q3 2025. In the context, Sachin Jain, Regional CEO, India, World Gold Council said, India's gold market in Q3 2025 showcased its inherent resilience and the significant impact of evolving price dynamics.    While total gold value surged impressively by 23% to Rs. 2,03,240 crores, gold demand volumes saw a  16% decline to 209.4 tonnes. This robust growth in value, driven by high average prices, strongly reaffirms gold's enduring appeal as a safe-haven asset. Investment demand, showed remarkable strength, increasing 20% in volume to 91.6 tonnes and a significant 74% in value to Rs. 88,970 crores.    This highlights a deepening strategic commitment among Indian consumers to gold as a long-term store of value. While jewellery demand saw a 31% volume decrease to 117.7 tonnes, its value remained largely stab...

  Demand in the 9k to 18k would be seen for heavier jewellery   Recently, World Gold Council published tis Gold Demand Trends, Q2 2025 & reported that, Indian gold jewellery consumption in Q2 fell by 17% y/y to 89t, as gold prices breached the psychological Rs100,000/10g mark for the first time.   Consequently, H1 demand of 160t was the second lowest in our data series from Q1 2000 – only the COVID-hit 2020 was lower (at 118t). The value of gold jewellery consumption showed a markedly different trend: spending in US$ rose 17% y/y and 43% q/q.   In volume terms, the record gold price severely impacted affordability. This mainly impacted the mass market segment; the average weight of pieces bought by wealthier consumers remained relatively unchanged.    The shift towards lighter-weight items continued in the record price environment, with consumers increasingly favouring 18k plain gold jewellery due to affordability. Gold-plated silver je...

  WGC & Linklaters Consulting unveils Wholesale Digital Gold   The World Gold Council (WGC), Linklaters and Hilltop Walk Consulting have unveiled a pioneering vision to transform the global gold market through the introduction of Wholesale Digital Gold—a transformative concept that will enhance how gold is owned, traded, and utilised.   In today’s wholesale market, gold trades are settled in two main structures. The first is allocated gold which involves direct ownership of specific physical bars but is operationally complex; and the second is unallocated gold, which has higher liquidity and lower costs, but may expose investors to the credit risk of the institution where the account is held. Following on from the FMSB’s Precious Metals Spotlight Reviews1, and in consultation with key industry participants; we propose a new way to settle gold, bridging the gap between these two structures. Pooled Gold Interests (PGI) combines the best of both worlds by provid...

  Jewellery demand drops 14%, bar & coin investment up 11%    The World Gold Council’s Q2 2025 Gold Demand Trends report reveals that total quarterly gold demand (including OTC1) reached 1,249t, a 3% increase year-on-year [YoY] amid a high price environment. Strong gold investment flows largely fuelled quarterly growth, as an increasingly unpredictable geopolitical environment and price momentum sustained demand.    Gold ETF investment remained a key driver of total demand, with inflows of 170t over the quarter, compared with small outflows in Q2 2024. Asian-listed funds were major contributors at 70t, keeping pace with US flows. Combined with record inflows in Q1, global gold ETF demand reached 397t, the highest first half total since 2020.    Total bar and coin investment also increased 11% year-on-year, adding 307t. Chinese investors led the way with a notable 44% year-on-year increase to 115t, while Indian investors continued to add...

  Young visionaries take centre stage at the GJEPC’s launchpad!    The future of India’s gem and jewellery industry came alive at the launch of InnovNXT 40 Under 40 in Mumbai on 25th June 2025- a dynamic initiative by the Gem & Jewellery Export Promotion Council (GJEPC), the apex body for the gem and Jewellery industry in India, aimed at recognising and empowering its next generation of leaders.    With the World Gold Council as Presenting Partner, Godrej as Associate Partner, and DSP Mutual Fund as Co-Partner, the event brought together trailblazers, changemakers, and thinkers under one roof for a day of insight, inspiration, and exchange.    The InnovNXT 40 Under 40 conference features a power-packed agenda that keeps the momentum going throughout the day. Sessions explore a wide range of topics; from the strategic journey of IPOs and wealth creation, to the growing influence of women in the jewellery sector.  Discussions dive in...

Gold has a key role as a strategic long-term investment   Recently, Gold as a strategic asset 2025, edition published by World Gold Council (WGC). The report spark all those portfolio player’s by asking, what makes gold a strategic asset?   Gold has a key role as a strategic long-term investment and as a mainstay allocation in a well-diversified portfolio. Investors have been able to recognise much of gold’s value over time by maintaining a long-term allocation and taking advantage of its safe-haven status during periods of economic uncertainty. Gold is a highly liquid asset, which is no one’s liability, carries no credit risk, and is scarce, historically preserving its value over time. It also benefits from diverse sources of demand: as an investment, a reserve asset, gold jewellery, and a technology component.    These attributes mean gold can enhance a portfolio in three key ways; 1: Delivering long-term returns, 2: Improving diversification & 3: Provi...

Gold in more than a decade up 28% through November   Gold is poised for its best annual performance in more than a decade up 28% through November. Behind this, central bank and investor buying have more than offset a notable deceleration in consumer demand.   Asian investors have been a near constant presence, while lower yields and a weakening US dollar in Q3 fuelled Western investment flows. However, it is gold’s role as a hedge amidst rising market volatility and geopolitical risk that most likely explains its remarkable performance. As we look forward, all eyes are focused on what Trump’s second term may mean for the global economy. Thrill-seeking investors may benefit from an early wave of risk-on flows, but potential trade wars and inflationary forces may spill over into an expected subpar economic growth.    The market consensus of key macro variables such as GDP, yields and inflation – if taken at face value – suggests a positive but much more modest ...