BusinessPhoto: Deccan HeraldIndia's Gold Demand Drops 29% in Q3, Full Year Seen at 625-675 Tonnes
India's gold demand fell 29% year-on-year to 162.5 tonnes in July-September 2026 due to higher import duty, rising prices, and the Prime Minister's appeal to limit purchases, according to the World Gold Council. Despite lower volume, the value of gold demand rose 3% to Rs 2,41,900 crore. Jewellery demand dropped 20% to 99.9 tonnes but increased 16% in value to Rs 1,48,700 crore. Average gold price was USD 4,262 per troy ounce, up from USD 3,457 in 2025.
Deccan Herald··Mumbai


