WGC India Gold Market Update: Gold Momentum Resumed in July

SEATTLE (Scrap Monster): The World Gold Council (WGC) announced publication of its latest India Gold Market Update report. The report noted that gold investments upheld amid seasonal weakness.

According to the research, gold prices saw only slight increases of 0.3% in June of this year before losing steam towards the end of the month. In July 2025, gold prices increased due to concerns about new trade dangers. In July, the yellow metal saw increases of 2% so far this month. Additionally, gold prices have increased by 28% this year in USD terms. In July of this year, domestic gold prices increased by 1%, following global patterns.

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Following the conclusion of wedding season, jewellery demand continued to remain weak in end-June and early-July. The persistently high gold prices deterred fresh purchases. Looking ahead, festive season is expected to deliver a strong recovery in demand for jewellery starting mid-August. Meanwhile, the overall investment demand is expected to remain steady in the upcoming months, WGC report said.

During the three months that concluded in June of this year, the listed jewelers reported double-digit revenue increase. In June, the gold ETFs saw the second-highest monthly inflows. After a two-month hiatus, the Reserve Bank of India (RBI) announced a minor gold purchase. In June of this year, gold imports also fell to a 14-month low.