India's gold jewellery demand revives as prices stabilise; festive orders pick up: WGC

India’s gold jewellery market is showing an early recovery after a month of weaker demand, as stable gold prices, retailer discounts and flexible payment options draw buyers back to stores, according to the World Gold Council. Festive season bookings are improving, supporting jewellery demand even as bars and coins remain softer due to lower prices. Old gold exchange activity has strengthened, rising 10–20% at retailers and in some cases accounting for up to 70% of jewellery sales. Indian gold ETFs and digital gold purchases also rebounded in June, with ETF inflows reaching a three-month high and digital gold transaction volumes hitting a three-month high. The article is broadly supportive for the gold market, especially jewellery demand and investment flows in India, while indicating mixed overall demand conditions.