World Gold Council – India Gold Market Update, Jul 2025

The main theme of the report is the analysis of the gold market in India in July 2025.

Key findings include the resilience of gold prices with an increase in August and a reduction in discounts in India. Retailers are preparing for the festive season by increasing inventories. Positive inflows and the emergence of a new fund contribute to the growth of gold ETFs. The Reserve Bank of India (RBI) maintains stability in gold reserves in July. Gold imports in July significantly increase in anticipation of festive demand. Demand for gold jewelry is expected to rise with the approaching festive and wedding season.