UPI digital gold volumes rise in November but values fall 47%

Digital gold transactions via UPI saw higher participation in November 2025, even as the overall value of transactions declined sharply. The trend reflects a clear shift in buyer behaviour after the festive uptick seen in October.

As per the latest NPCI data, digital gold purchases reached 123.42 million transactions worth Rs 1,215.36 crore in November. This represented a 6.4% rise in volume from 115.95 million transactions in October, while the value declined by nearly 47% from Rs 2,290.36 crore in the previous month.

October coincided with the…