Gold jewellery consumption to grow 14-18 pc in FY25 in value terms: Report

India's domestic gold jewellery consumption is projected to grow by 14-18% in value during FY25, driven by favorable prices and festive demand. A customs duty cut and increased auspicious days further boost this growth. Organized jewellers are expanding, particularly in tier II and III cities, and expect a revenue increase of 18-20%.