<ul data-eligibleForWebStory="false"><li>Gold prices surged by over 22% reaching an all-time high of $3,500/oz before stabilizing near $3,340/oz in early July 2025, driven by macroeconomic tailwinds and central bank gold accumulation.</li><li>India's evolving gold market sees traditional jewellery consumption slowdown and rise in investment-led demand from tools like Gold ETFs and digital gold platforms, amid high domestic prices and annual import bills.</li><li>Investment-led demand in India rises, indicating a shift in gold perception as a portfolio diversifier and financial asset, leading to behavioural changes among Indians.</li><li>India's opportunity in the global gold market lies in modernizing bullion infrastructure, introducing policy measures like rationalizing import duties, promoting Sovereign Gold Bonds and gold ETFs, and nurturing bullion trading innovation.</li></ul>

How India can lead the next global gold cycle

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