Back to today’s briefing

Story perspectives

Gold Prices Surge: Jewelry Demand Set to Plummet 30%

3/24/2025

25 4

Summary

Story summary

As gold prices skyrocket past $3,000 an ounce, consumers in Asia and the Middle East are opting to sell their old jewelry rather than purchase new pieces. This shift has led to a significant decline in jewelry demand, with experts forecasting a staggering 30% drop in India's gold consumption by 2025 as buyers grapple with escalating costs.

1 of 1

Story summary

As gold prices skyrocket past $3,000 an ounce, consumers in Asia and the Middle East are opting to sell their old jewelry rather than purchase new pieces. This shift has led to a significant decline in jewelry demand, with experts forecasting a staggering 30% drop in India's gold consumption by 2025 as buyers grapple with escalating costs.