Record high prices pull India gold demand down 11 pc in 2025: WGCIndia’s gold demand fell 11% to 710.9 tonnes in 2025 due to record-high prices, but value rose 30% to ₹7.51 lakh crore. Overall gold demand in India fell 11 per cent to 710.9 tonnes in 2025 and is expected to be between 600 and 700 tonnes in 2026, according to the WGC’s Full-Year 2025 Gold Demand Trends report. In 2024, the overall gold demand stood at 802.8 tonnes. Total gold demand for the quarter stood at 241.3 tonnes, marking a 9 per cent decline compared to Q4 2024. Total Jewellery demand in India for the whole of 2025 decreased by 24 per cent to 430.5 tonnes compared to 563.4 tonnes in 2024.