The record prices of gold have badly impacted domestic demand, especially for gold jewellery.
SEATTLE (Scrap Monster): The most recent version of the India Gold Market Update was released by the World Gold Council (WGC).
The research head for India, Kavitha Chacko, claims that the price of gold has seen unusually high velocity in 2025. Thirteen times this year, the prices have reached all-time highs. The psychological threshold of $3,000 per ounce has been exceeded by the price of yellow gold. According to the WGC report, domestic equities have generated negative returns in 2025, while gold has maintained its position as the best-performing asset with year-to-date gains of 13%.
Domestic demand has been severely hurt by the record gold prices, particularly for gold jewelry. Old gold jewelry sales have also grown as a result of the recent spike in gold prices.
According to the WGC report, inflows into Indian gold ETFs persisted in February. According to data made public by the Association of Mutual Funds in India (AMFI), gold exchange-traded funds (ETFs) saw net inflows of approximately $227 million during the month, marking the ninth consecutive month of positive flows.
Throughout the month, the Reserve Bank of India's (RBI) gold holdings stayed constant. Additionally, in February of this year, the nation's gold imports fell to their lowest level since March 2024. According to the WGC report, the nation's gold import bill for the month came to $2.3 billion.
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