From Deccan Chronicle
Center Owned by Deccan Chronicle Holdings2026 May See 6-Year Low Demand; Unofficial Imports Up Multi-Fold In Sept Qtr
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center · 3 outlets
CHENNAI: India's gold demand fell 29 per cent year-on-year to 162.5 tonnes in the July-September quarter amid higher import duty, soaring prices and the Prime Minister's appeal to curb purchases, the World Gold Council (WGC) said. It projected full-year demand at 625-675 tonnes. Gold demand rose 25…
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right · 2 outlets
Gold demand fell 29% y-o-y to 162.5 metric tonnes in the September quarter, as jewellery purchases declined 20% and investment demand dropped 40%
RSS excerpt
In the global gold market, however, demand remained flat at 1,369 tonnes. Central banks and other official institutions added a net 321 tonnes to reserves in Q3, up 42% year-on-year and the highest quarterly total since Q4 2024.
