India Invest – Learn to Invest Smartly

As gold prices soar to ₹9,835 per gram for 24-karat gold in April 2025, the gold industry—spanning mining, refining, jewelry manufacturing, and retail—is navigating a complex landscape. While high prices have boosted revenues for some, they’ve also triggered significant layoffs globally and in India, driven by reduced consumer demand, automation, and economic pressures. In India, a key player in the global gold market, the jewelry sector alone has seen thousands of job cuts, with artisans and retail workers bearing the brunt. This 1000-word blog, formatted in Indian Rupees (INR), explores the causes, impacts, and future implications of layoffs in the gold industry, offering insights for workers, businesses, and investors in this glittering yet turbulent sector. The Context: Gold Prices and Industry Dynamics Gold prices in India have surged 26.74% in 2025, reaching ₹98,350 per 10 grams from ₹76,600 at the year’s start, with a peak of ₹1,00,880 on April 22. This rally, driven by glob...