Page 7 - Bullion World Volume 5 Issue 05 May 2025

Bullion World | Volume 5 | Issue 05 | May 2025

This indicates a structural shift in consumer behaviour,
EDITORIAL where gold is not just ornamental but increasingly
viewed as a strategic investment asset. Despite
the high price challenges, gold retailers remain
optimistic on account of festival and impending
Dear Readers, marriage season. They also are hoping for a good
monsoon and pick-up in good rural demand.
India’s gold demand in the first quarter of 2025,
according to the World Gold Council (WGC), stood India’s gold market narrative reflects a shifting
balance—where the soaring value of gold is reshaping
at 118.1 tonnes, marking a notable 15% year-on- both demand patterns and investor psychology. As
year decline from 139 tonnes in the same period last the festive season and geopolitical uncertainties
year. However, this drop in volume is only part of the unfold, all eyes will remain on how Indian consumers
story. continue to adapt to the new normal of a ₹1 lakh
gold per 10 gm.
The real headline is the 22% jump in the value
of gold demand—a shift entirely driven by an In this edition of Bullion World, we present a curated
unprecedented surge in global gold prices. selection of key highlights and insights from across
the precious metals industry. We begin with a
Since January, gold prices in India have rallied by comprehensive recap of the India Silver Conference
over 25%, culminating in a historic milestone: the 2025, followed by an insightful article from IFSCA
domestic price of gold in India crossed ₹1 lakh per on “Infusing Vibrancy into the Bullion Ecosystem at
10 grams (with GST). This record-breaking ascent GIFT IFSC.” This is complemented by key takeaways
from the Bullion Integrity Forum 2025, titled “Where
has only strengthened gold’s traditional role as a the Supply Chain Connects,” presented by aXedras.
safe-haven asset in the eyes of Indian consumers, We conclude with the standout developments
even as it challenges affordability. from Mining Indaba 2025, focusing on the latest in
precious metals.
Interestingly, investment demand for gold in India
displayed resilience amid soaring prices buoyed
by increasing traction in gold-backed financial Best wishes,
instruments such as Gold ETFs and digital gold. G Srivatsava
Editor

We would be happy to receive your comments and feedback on the content of this edition,
please write to editor@bullionworld.in

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