New Delhi, April 30 -- Safe-haven gold's demand, in volume terms, has dropped in Indian markets in the January-March quarter of 2025, due to an unprecedented rise in its prices.

According to the World Gold Council, India's gold demand in the first quarter of 2025 stood at 118.1 tonnes, a total 15 per cent drop from 139 tonnes in the same period of last calendar year.

But notably, this decline in sales volume was offset by a 22 per cent surge (in rupee terms) in the overall value of demand, propelled by soaring global gold prices, which have risen 25 per cent since January 2025.

"This historic rally of gold prices reaching a record high of Rs 1 lakh per 10 grams in India has further reinforced the metal's appeal as a safe-haven asset am...