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.