Mumbai, Feb. 5 -- According to the World Gold Council, global gold jewelry demand fell 11 percent in 2024 to 1,877t as record-high prices impacted affordability. Q4 demand dropped 12 percent year-on-year to 547t, with China seeing a sharp 24 percent decline, while India showed resilience with only a 2 percent dip. Despite weaker volumes, jewelry spending hit a record $144 billion, up 9 percent. Looking ahead, the WGC expects China's jewelry demand to stay weak in early 2025, though rate cuts and economic support measures could slow the decline.
Published by HT Digital Content Services with permission from Capital Market....