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India’s Gold Demand to Slow in 2025 as Soaring Prices Weigh on Jewellery Purchases, WGC Reports

Ease in 2025 as Record Prices Slow Jewellery Purchases, While Investment Interest Grows

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India’s gold consumption is expected to moderate in 2025, following a record high in 2024, as surging prices dampen jewellery demand, although investment demand remains strong, according to the World Gold Council (WGC). The demand is projected to range between 700 and 800 metric tonnes, a drop from last year’s 802.8 tonnes—the highest level since 2015.

As gold prices rise, jewellery purchases tend to decrease, with consumers adjusting their budgets in response to the higher costs. Domestic gold prices recently hit a record high of Rs 84,399 ($968.62) per 10 grams, reflecting a 10% increase in 2025 after a 21% rise in 2024.

However, the surge in gold prices has bolstered investment demand, particularly in gold ETFs, digital gold, and coins and bars. Investment demand rose 29% in 2024, reaching an 11-year high of 239.4 tonnes, and is expected to continue growing in 2025.

Jewellery demand, which makes up nearly 70% of India’s total gold consumption, will likely be impacted by higher prices. Despite this, strong interest in gold as an investment is expected to persist.

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iAMORY Goes Mobile: D2C Jeweler Debuts App to Disrupt India’s ‘Counter-Led’ Retail

By bridging the trust gap with lab-grown diamonds and 925 silver, the new iOS and Android platform aims to become a “digital counter” for the modern consumer.

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Following a successful physical debut in Mumbai, jewelry brand iAMORY has officially launched its mobile application on Android and iOS. The move signals a strategic shift to scale its direct-to-consumer (D2C) presence, targeting the rapidly evolving digital habits of Indian shoppers.

The app launch is designed to solve the “discovery fatigue” and lack of transparency often associated with traditional jewelry buying. By focusing on the 925 sterling silver and lab-grown diamond (LGD) segments, iAMORY is positioning itself at the intersection of affordability and fine jewelry.

A “Digital Counter” Experience The platform introduces several features aimed at building consumer confidence in high-value online purchases:

  • Total Transparency: Real-time access to metal purity details, diamond certifications, and clear pricing breakdowns.
  • Mobile-First Design: A seamless interface featuring AI-driven notifications, wishlists, and secure “one-tap” checkouts.
  • Exclusive Access: App users will receive priority access to limited product drops and specialized discounts not available on the web or in-store.
Archit Jain,

Archit Jain of iAMORY noted that the power dynamic in the industry is shifting. “Digital adoption is democratizing jewelry,” Jain stated. “It is shifting power from family-led counters to digital-first, design-led brands that prioritize transparency, speed, and storytelling.” He describes the app as a “digital counter” where users can instantly compare prices and access social proof.

iAMORY plans to continuously iterate on the app experience, with upcoming updates slated to include advanced personalization tools, AI-driven loyalty mechanisms, and interactive content formats to deepen customer engagement.

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JewelBuzz is Asia’s First Digital Jewellery Media & India’s No.1 B2B Jewellery Magazine, published by AM Media House. Since 2016, we’ve been the trusted source for jewellery news, market trends, trade insights, exhibitions, podcasts, and brand stories, connecting jewellers, retailers, and industry professionals worldwide.

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