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India gold jewellery demand  dropped  by 23% , total investment demand rose  by 6% : WGC Q4 2025 Report

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According to a World Gold Council (WGC) report released on January 30, 2026, India’s Q4 2025 gold demand showed a stark contrast between sectors: record prices caused jewellery demand to drop by 23% to 145.3 tonnes, while total investment demand rose 26% to 96.0 tonnes, indicating a shift towards gold as a hedge against volatility. 

Key Highlights from the WGC Report (Q4 2025 & Outlook):

  • Jewellery Demand Decline: Despite the wedding season, high prices and reduced affordability led to a 23% drop in jewellery demand to 145.3 tonnes in Q4.
  • Investment Surge: Investment demand (bars/coins) grew strongly, with total investment in Q4 rising 26% year-on-year to 96.0 tonnes, and its value rising 108% to ₹120,700 crores.
  • Full-Year 2025 Impact: Overall gold demand in India fell 11% to 710.9 tonnes in 2025.
  • Outlook for 2026: The WGC projects India’s total gold demand for 2026 to be in the range of 600-700 tonnes, as high prices continue to affect consumer buying behavior, despite strong investor interest in ETFs and digital gold.
  • Import and Recycling: Gold imports in Q4 2025 fell 5% to 215.1 tonnes, and recycling decreased by 27% to 21.7 tonnes, indicating consumers were holding onto existing gold rather than selling. 

The shift highlights a, where record high prices, which saw a 76.5% surge in 2025, have reduced consumer buying of jewelry while encouraging investment. 

source : WGC

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For Every Kind of Love: A Valentine’s Jewellery Edit by Kalyan Jewellers

Heartfelt designs that turn Valentine’s gifting into a timeless celebration of love, connection, and self-expression.

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This Valentine’s Day, jewellery becomes more than a gift, it becomes an expression of emotion, connection, and personal meaning. From delicate heart-inspired motifs to contemporary designs accented with diamonds and subtle touches of colour, each piece is crafted to celebrate love in all its forms. Whether it’s a gesture of self-love, a symbol of a lifelong bond, or the start of something new, these timeless designs blend elegance with sentiment, creating keepsakes to be cherished long after Valentine’s Day has passed.

Golden Heart Pendant

Delicate yet deeply meaningful, this elegant pendant celebrates love through softly layered heart motifs finished with a subtle hint of sparkle. Designed to sit close to the heart, it makes a thoughtful Valentine’s Day gift perfect for everyday wear or as a quiet reminder of affection. A timeless piece that captures emotion in its simplest, most beautiful form.

Double Heart Ring

Soft, romantic, and effortlessly modern, this ring features two delicate heart motifs layered across sleek bands, accented with a gentle touch of sparkle. Designed to symbolise connection and togetherness, it’s perfect for everyday wear or as a meaningful Valentine’s Day gift. A subtle yet expressive piece that celebrates love in a beautifully understated way.

Forever in Bloom Bracelet

Delicate and charming, this bracelet features a graceful heart motif at the centre, framed by flowing gold lines and a soft pop of colour. Light and elegant in design, it sits beautifully on the wrist, making it perfect for everyday wear or a thoughtful Valentine’s Day gift. A subtle expression of affection, crafted to feel personal, playful, and timeless.

Bound by Love Ring

A romantic expression of connection and closeness, this heart-shaped ring features two gently intertwined outlines that symbolise love in constant motion. Accented with subtle sparkle, the design feels light, modern, and effortlessly elegant, perfect for everyday wear or as a meaningful Valentine’s gift. Whether worn as a promise, a celebration of togetherness, or a reminder of self-love, this piece captures the beauty of bonds that stay close to the heart.

Intertwined Hearts Bracelet

A graceful symbol of togetherness, this delicate bracelet features two fluid heart forms coming together in a soft, romantic embrace. Designed with gentle curves and subtle colour accents, it reflects the beauty of shared moments and intertwined journeys. Light yet expressive, the piece sits comfortably on the wrist, making it an effortless choice for everyday elegance or a heartfelt Valentine’s gift that celebrates love in its most natural, flowing form.

source : Kalyan Jewellers

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