<h1>India's Gold Demand Rises 5% in 2024; Wedding Season Boosts Purchases Despite High Prices, Jewelry Demand Falls 2%</h1> Gold demand in India increased by 5% to 802.8 tonnes in 2024, driven by reduced import duties and purchases for weddings and festivals, according to the World Gold Council (WGC). The value of gold demand rose 31% to Rs 5,15,390 crore. For 2025, demand is projected between 700-800 tonnes, with expectations of a recovery in jewelry demand. Despite record-high prices, jewelry demand fell 2% to 563.4 tonnes. Gold investment surged 29% to 239.4 tonnes, the highest since 2013. Gold imports decreased by 4%, and the Reserve Bank of India significantly increased its gold purchases to 73 tonnes.