India's gold jewellery demand revives as prices stabilise; festive orders pick up: WGC

India's gold jewellery demand is reviving as prices stabilise ahead of the festive season, with the World Gold Council reporting strong April-June quarter performance for major listed jewellery retailers, with revenue growth of around 30-60% year-on-year. Old gold exchange transactions now account for 43-55% of sales, while retailers continued aggressive store expansion, adding between 8 and 33 outlets each during the quarter. Separately, Indian gold ETFs attracted net inflows of about INR34.4bn in June, the highest since February, and digital gold purchases via UPI rebounded to a three-month high of INR25.5bn in transaction value.