Archive · 19 Sep 2025
India's Gold Demand Impacted by GST Reform and Festive Season
Gold prices and demand in India are affected by a few things.
During festivals, people often buy gold.
Also, the government is changing taxes on goods, which might make people want to buy more gold jewelry.
Gold prices have been going up worldwide.
Experts believe that demand is expected to increase because of changes in government policies.
India's gold market is doing well compared to others.
Gold demand expected to be robust in upcoming weeks.
Demand driven by festive season, cultural reasons, and GST reforms.
Central government GST reforms lower tax.
India and China account for over 50% of global demand.
Gold prices have risen internationally.
- Who
- Consumers and investors
- What
- Gold demand influenced by GST reforms
- When
- Recent weeks
- Where
- India
- Why
- Driven by festive season, cultural reasons, and GST reforms
Consumers
Investors
Impact of GST reform
Consumers
Increased consumer spending on jewelry.
Investors
Higher prices are expected.
- GST Reform Impact
- Likely to increase demand
- Key Demand Drivers
- Festive Season, Culture, GST
- Global Gold Price (August)
- USD 3,429 per ounce
- International Gold Growth
- Over 35%
- MCX Gold Price (approx)
- Rs 109,000 per 10 grams
