Gold smuggling in India has surged significantly in recent years, with illicit trade accounting for nearly a quarter of the country’s annual gold demand
Gold and silver prices declined sharply in India, with silver falling nearly 4 per cent and gold slipping amid a strong US dollar and geopolitical tensions in the Middle East
The platinum price surge is fuelled by a combination of a third consecutive year of supply deficit and strong demand from the automotive, industrial, and investment sectors
India’s demi-fine jewellery market, which straddles the space between high-end fine jewellery and mass-market fashion jewellery, is projected to expand at a CAGR of around 12% between 2025 and 2030
Despite this temporary decline, market analysts and research suggest gold prices are projected to continue rising significantly into the rest of 2025 and 2026.