Gold loses festive sparkle as demand drops 16% in India; investment rush offsets jewellery slump: WGC data
India’s gold demand fell 16% year-on-year in the July–September quarter of 2025, as record-high prices curbed jewellery purchases even as investment buying surged, the World Gold Council (WGC) said on Thursday.Total gold demand declined to 209.4 tonnes in the third quarter, compared with 248.3 tonnes in the same period last year. However, the value of…