Surging Demand for Gold Bars Overshadows Jewelry in Q1/2025

Gold bar demand in Indonesia surged 52% in Q1 2025, while gold jewelry interest declined sharply due to soaring prices.

Jaffry Prabu Prakoso,Annasa Rizki Kamalina
Rabu, 7 Mei 2025 | 15:24

Bisnis.com, JAKARTA – The surge in gold prices has led to a significant increase in overall gold demand in Indonesia during Q1 2025, even as interest in gold jewelry declined.

According to data from the World Gold Council, jewelry demand in Indonesia reached only 4.1 tons during the January–March period. This marks a sharp decline of 45% from 7.7 tons in Q4/2024 and a 25% drop compared to 5.5 tons in the same period last year.

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