India's gold and silver sector is undergoing rapid formalization, driven by regulatory shifts like mandatory hallmarking, GST, and digitized financial ecosystems. In Fiscal 2025, India's gold and silver jewellery retail market reached approximately ₹6,44,800.00 crore (₹6,448 billion), growing at a CAGR of 13.10% from ₹3,48,700.00 crore in Fiscal 2020, and is projected to scale to ₹16,48,100.00 crore by Fiscal 2030 (CAGR of 20.60%). Complementing this, the bullion trading market (comprising bars, coins, and collectibles) expanded from ₹94,900.00 crore in Fiscal 2020 to ₹2,16,000.00 crore in Fiscal 2025, and grew year-on-year at 98.40% to reach ₹4,28,500.00 crore in Fiscal 2026E, with projections to reach ₹8,76,800.00 crore by Fiscal 2030 (19.60% CAGR), as investors increasingly look to precious metals as an inflation hedge. [1]
| Figure | Period | Value |
|---|---|---|
| Market CAGR [1] | FY2026–FY2030 | 19.6% forecast |
| Topic | Figure | Period | Value |
|---|---|---|---|
| Market size and growth | Market CAGR [1] | FY2026–FY2030 | 19.6% forecast |
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