Gold and tradition: How Indian Australians navigate soaring prices

The World Gold Council says in 2024, jewellery accounted for about 50 per cent of total demand, central bank reserves around 20 per cent, electronics and Industrial around 7 per cent, medical and dental about 1 per cent. Source: Pixabay

For Indian Australians, gold is more than an adornment. It is a culture, a security and an heirloom for the next generation. But as prices soar by nearly 70 per cent in just five years, families in Sydney’s “Little India” and beyond face tough choices: hold on for tradition or sell for survival. Experts say global unrest, inflation fears, and central banks’ buying spree are driving prices. This episode examines how the diaspora navigates tradition under pressure and what the World Gold Council predicts for the future.

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Published 8 September 2025 12:50pm

By Peggy Giakoumelos

Presented by Vrishali Jain

Source: SBS

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For Indian Australians, gold is more than an adornment. It is a culture, a security and an heirloom for the next generation. But as prices soar by nearly 70 per cent in just five years, families in Sydney’s “Little India” and beyond face tough choices: hold on for tradition or sell for survival. Experts say global unrest, inflation fears, and central banks’ buying spree are driving prices. This episode examines how the diaspora navigates tradition under pressure and what the World Gold Council predicts for the future.

(Disclaimer: The information given in this interview is of a general nature. SBS Hindi does not endorse any views expressed in this audio.)

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