Foto www.goldmarket.fr
The indicator was 4.5 times higher than in January last year and almost tripled the December result, Finmarket writes.
Analysts polled by Reuters note that one of the factors of growth was the active inflow of capital into Indian gold-backed exchange-traded funds (ETFs), which requires increased supplies of physical metal.
By comparison, average monthly gold imports in 2025 were about $4.91 billion, with the monthly maximum exceeding $14.72 billion. For all of 2025, India purchased $58.9 billion worth of gold – up 1% from a year earlier.
At the same time, in physical terms, the supply could significantly reduce. According to World Gold Council analyst Kavita Chacko, the decline could exceed 20%, which is primarily due to the dynamics of world gold prices.
The expert also pointed out that in the short term the market may be supported by seasonal demand due to the holiday and wedding period. However, the determining factor, in her opinion, will remain the investment interest in the precious metal.
India is traditionally one of the world’s largest consumers of gold. At the same time, the country’s own production is minimal, which makes it dependent on imports.
