New Delhi, April 27 -- Investment demand is driving a structural shift in India's gold consumption, with its share rising sharply to 42 per cent in CY25 from 29 per cent in CY24, according to a report by CareEdge Ratings.

The report said the surge in investment demand was led by gold ETFs and bar-and-coin buying, supported by safe-haven demand, portfolio diversification and geopolitical uncertainty.

It added that jewellery consumption has seen a relative decline, with its share falling below 60 per cent of total gold purchases in CY25 compared to a long-term average of around 70 per cent.

According to CareEdge Ratings, global gold demand reached an all-time high of around 5,000 metric tonnes in CY25, up about 8 per cent year-on-year, d...