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 ...

  Global jewellery demand faces a subdued outlook in 2025     Recently World Gold Council analysed jewellery demand in the recently published Gold Demand Trends for 2Q 2025. Jewellery retailers in China are likely to face an equally glum H2. One silver lining perhaps is that platinum is unlikely to offer much of a challenge, given the sensitivity to its strong price rise.    Another is that high savings rates might offer some capacity to buy in H2, but probably needs stimulus and a brighter outlook for 2026 and beyond. In India, the economy is still vibrant but is expected to soften a little in H2. Combined with high prices, jewellery demand will likely remain subdued as consumers are anecdotally adapting less quickly to high prices than they have historically.    This theme is likely echoed in other regions. Flat or lower prices won't elicit the same response one might see in an environment where disposable income is solid. Thus, our expec...

  The value of gold demand during 2024 increased by 22%   Sachin Jain, Regional CEO, India, World Gold Council said, in 2024, India's total gold demand was 802.8 tonnes in 2024, a 5% increase from 761 tonnes in 2023. This was facilitated by multiple record-high gold prices, a reduction in import duty, investment demand, and purchases related to weddings and festivals.   The total jewellery demand, in terms of volume, decreased by 2% to 563.4 tonnes in 2024 from 575.8 tonnes in 2023, despite the gold price reaching multiple record highs. This indicates the resilience of gold jewellery demand in India and highlights the effect of the duty cut in July as well as India's stronger economic growth compared to many other markets.   Many consumers purchased gold jewellery in late Q3 when the duty cut mitigated much of the recent price increase. Nonetheless, the value of gold demand during 2024 increased by 22%, illustrating the ongoing demand for gold.  Tota...