Since 2015, the coin investments, gold bar in India have been highest touching 55 tonnes says a report from World Gold Council (WGC).

Due to decreasing prices, India's demand for gold grew 10% year-over-year in the quarter ending in September to 210 tonnes, despite the inconsistent monsoon in July and August and the fear of El Nino, according to the prediction by World Gold Council (WGC).

Malabar Gold and Diamonds intends to invest Rs. 1,000 crore (US$ 120.3 million) and eventually generate 4,000 jobs in Maharashtra by FY25. The statement was released at the opening of Mumbai's Andheri East Malabar National Hub (M-NH), the company's centralised base of operations in India.

Aditya Birla Group is intending to invest Rs. 5,000 crore (US$ 608.1 million) into branded jewellery retail business namely Novel Jewels to build exclusive jewellery retail stores across India.

The organised jewellery retailers in India are expected to continue outpacing the industry in FY24, which would be aided by planned store additions by a majority of large jewellery retailers and market share gains due to the accelerated formalisation of the industry.