From BusinessLine
Center-Right Owned by The Hindu Group (Kasturi & Sons)Indian gold demand down 30% in September quarter as high prices hurt jewellery sales
What's behind this
Indians are holding onto gold in their lockers, hoping for a better price, which contributes to an expected drop in domestic gold demand to a six‑year low of about 650 tonnes in 2026, according to the World Gold Council. Meanwhile, central banks bought 321 tonnes of gold in the third quarter of 2026, lifting total global demand for the year to 675 tonnes, a 6 percent year‑on‑year increase.
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center · 1 outlet
Central banks increased their gold purchases to 321 tonnes in the third quarter of 2026, surpassing recent typical quarterly buying levels and taking their total purchases during the year so far to 675 tonnes, up 6 per cent year-on-year, according to the World Gold Council (WGC).
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right · 2 outlets
Hike in import duty leads to 50 tonnes being smuggled, while demand recovery is likely in the December quarter on softer prices, festive buying and extended wedding season
RSS excerpt
Hike in import duty leads to 50 tonnes being smuggled, while demand recovery is likely in the December quarter on softer prices, festive buying and extended wedding season
