Expecting gold demand uptick to continue this Diwali

Oct 17, 2024

Sachin Jain CEO India World Gold Council 1Sachin Jain, Regional CEO, India, World Gold Council said, “Buying gold is considered auspicious during Dhanteras, Diwali. From gold jewellery to gold bars, gold coins consumers plan at least a token purchase as a matter of tradition as gold buying is generally believed to herald good fortune, wealth and prosperity and that is visible in the sharp rise in gold buying historically witnessed on this day.

Despite gold prices touching record highs of Rs 79,000/10 grams, anecdotal feedback from Industry indicates a resurgence in gold buying due to various ongoing festivals, with demand largely driven by investment sentiment and wedding related purchases.

The retailers have also invested on new designs and innovative usage of technology to make daily wear, lighter jewellery considering heightened gold prices, to invite consumers to come into the stores. There is also an expectation of increased demand from rural areas, driven by improvements in robust economy and consumption.

Good monsoons and higher crop sowing this year are anticipated to boost rural incomes further, potentially leading to higher gold purchases. Investment demand including digital gold, gold ETF’s, gold bars and coins remains strong, with purchases also emerging from new channels such as e-commerce and Q-commerce. Overall, we are expecting gold demand uptick to continue this Diwali and till end of the year due to the wedding season.”

You May Also Like

Facebook Feeds

Cover for Heera Zhaveraat
94,037
Heera Zhaveraat

Heera Zhaveraat

Offical Facebook account of heerazhaveraat.com, homepage for Trade News, Articles and Promotion of D

This message is only visible to admins.
Problem displaying Facebook posts.
Click to show error
Error: No posts available for this Facebook ID

Twitter Feeds

Discover JGTD 2026 in Dubai! 💎

Connect with global jewellery manufacturers, suppliers and buyers. Explore finished jewellery, gemstones, machinery and the latest industry technologies.

📅 27–29 October 2026 📍 Dubai Exhibition Centre (DEC)

Join the Mindspeak Seminars at GJS 2026 for valuable insights and conversations shaping today’s jewellery business.

📍 JWCC, BKC | Room 104, 1st Floor
📅 2–4 October 2026
Make Mindspeak part of your GJS journey.

✨ ONLY 6 DAYS TO GO! ✨

DJGF 2026 is almost here! 💎
750+ Exhibitors | 2,00,000+ Designs | 5 Halls
📅 26–28 Sept 2026
📍 Bharat Mandapam, New Delhi
Discover collections, connect with industry leaders & unlock new opportunities.
🔗 Register Now: https://djgfregistration.jewelleryfair.in/exhibitor_reference_registration/?ref=marketing

Where elegance meets the spirit of Hong Kong.
Discover Sheetal (Far East) Ltd.’s exquisite jewellery at Jewellery & Gem WORLD Hong Kong 2026.
📍 Hong Kong Convention & Exhibition Centre
📅 16–20 September 2026
🏛️ Hall 1 | Booth 1C722
We look forward to welcoming you at our booth!

Load More

HZ is the Official Supporter of :

Member Of

Founder Member Of