The domestic gold jewellery industry is projected to grow by 14-18% year-on-year in FY25, according to an ICRA report, despite expected volume contraction

Gold bars and coins continued to hold favour with investors in several countries around the world.

Gold demand defies Q2 headwinds with year-on-year recovery in first half of 2022

The World Gold Council’s latest Gold Demand Trends Report reveals gold ETFs had their strongest quarterly inflows of 269t since Q3 2020, more than reversing the 173t annual net outflow from 2021, and driven in part by the rising gold price

Demand for gold reached 1,147t in Q4 2021, its highest quarterly level since Q2 2019, and an increase of almost 50% year-on-year, according to the WGC

Net gold ETF sales were  small; when compared to the pandemic-induced buying surge of a year earlier, this was enough to place overall gold demand into a Y-O-Y decline

Jewellery and investment demand is expected to continue its post-pandemic recovery in the second half of the year

According to World Gold Council’s (WGC’s) latest Gold Demand Trends report, India’s Q1 demand for gold grew 37% to 140 tonnes compared to Q1 2020 (102 tonnes) buoyed by factors such as lower gold prices

Gold investment demand fell in Q1, while value of gold jewellery purchased by consumers enjoyed a post-Covid rebound, rising to 477.4t - a 52% annual increase

Global gold demand dropped by 19% y-o-y to 892t in Q3 

While India Bullion & Jewellers Association (IBJA) estimates a 25 per cent volume drop in jewellery and bar and coin sales this year’s festivities, certain jewellers are claiming a 10-15 per cent yearon-year growth
 

Overall demand for the full year fell by 7% to 4,071.7t, compared with 2016.

Global gold demand in Q3 2017 was 915 tonnes (t), a drop of 9% compared with the same period in 2016, according to the World Gold Council’s latest Gold Demand Trends report.

World Gold Council demand trend report for Q3 of 2016