Story perspectives

India's Jewelry Demand Plummets, Gold Prices Soar Amid Tensions

12/26/2025

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Summary

Story summary

India's jewellery consumption fell 26% year-on-year to 291 tons from January to September 2025, signaling continued weakness into 2026.
Retail investment in bars and coins rose 13% to 198 tons, driven by high prices and positive market sentiment.
Gold and silver reached record highs, with gold near $4,500 per ounce and silver above $72.
Analysts attribute gains to anticipated U.S. monetary easing and geopolitical tensions, signaling a 2026 bullish outlook.

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Story summary

India's jewellery consumption fell 26% year-on-year to 291 tons from January to September 2025, signaling continued weakness into 2026.
Retail investment in bars and coins rose 13% to 198 tons, driven by high prices and positive market sentiment.
Gold and silver reached record highs, with gold near $4,500 per ounce and silver above $72.
Analysts attribute gains to anticipated U.S. monetary easing and geopolitical tensions, signaling a 2026 bullish outlook.