The country, the world's biggest gold consumer after China, is grappling with rising living costs in the wake of the Iran war, while a weak monsoon could curtail rural demand for jewellery
The institutions accumulated a net 321 tons in the three months through September, the World Gold Council said in a report on Tuesday
Gold fell below $4,000 an ounce last week for the first time since July, extending its decline to about 24% since the US-Iran war began in late February
Gold price outlook: Near-term resistance is at $4140/$4227; support is at $4000/$3930.
To offset higher gold costs, retailers are focusing on exchange, lower price points
Global gold demand remained flat year-on-year at 1,269 tonnes in the April-June quarter, according to a report by the World Gold Council (WGC). Prices of the precious metal moderated from the record highs touched earlier this year, the Council said in its report. The total demand for the yellow metal was at 1,268.6 tonnes during the corresponding quarter of 2025, said the WGC in its 'Q2 2026 Gold Demand Trends' report. The demand in the first half of the year rose 2 per cent year-on-year to an estimated 2,522 tonnes, worth USD 380 billion. Investment in gold ETFs (exchange-traded funds), bars and coins dropped to 262 tonnes in the second quarter as lower gold prices led to moderation in strong investment momentum witnessed earlier in the year. According to the WGC, the decline was primarily driven by 45 tonnes of outflows from gold-backed ETFs during the April-June period, although first-half ETF demand remained modestly positive at 18 tonnes. However, bar and coin investment was
India's gold demand fell 6 per cent year-on-year to 131.4 tonnes in the April-June quarter, weighed down by seasonally subdued sales, higher Customs duty and Prime Minister Narendra Modi's appeal to reduce purchases of the precious metal, the World Gold Council said in a report. The total demand was at 139.7 tonnes during the corresponding period last year, according to WGC's 'Q2 2026 Gold Demand Trends' report. "However, it's been a record in terms of the value of demand. So, consumption was Rs 1,98,100 crores, compared with Rs 1,32,500 crores in the same period in 2025, which is up by 50 per cent compared to the second quarter of 2025, highlighting that consumers continue to prioritise gold even in a high-price environment," WGC Regional CEO, India, Sachin Jain told PTI. Going forward, for the year, WGC estimated the demand to stay between 650 and 750 tonnes. "We still see demand in the range of 650 to 750 tonnes for this year. However, given the current geopolitical landscape, .
Prices fell about 8.4% in June, the first monthly drop since March, tracking volatility in international gold prices
India's physically backed gold exchange-traded funds (ETFs) recorded their first net monthly outflow in a year in May, driven by profit-taking following a price rally on higher import duties
Gold prices in India dropped to their lowest since April 2 at ₹146,444 per 10 grams on Thursday, and are down 1.5 per cent for the week so far
Dealers in India quoted discounts of up to $106 an ounce over official domestic prices this week, inclusive of 15% import and 3% sales levies, up from discounts of up to $78 an ounce last week
Titan said it will take another four to six weeks to assess the impact of higher gold import duty and the PM's appeal to reduce gold consumption on consumer sentiment
India is one of the biggest consumers of gold in the world, and most of it is imported. A variety of social, cultural, economic and religious factors drive demand
India's gold investment demand jumped 54 per cent to 82 tonnes between January and March, overtaking jewellery for the first time since 2000, while jewellery's share fell to a record low 44 per cent
Global gold demand rose a modest 2 per cent year-on-year to 1,231 tonnes in the January-March quarter, driven by a sharp 42 per cent surge in bar and coin investment to 474 tonnes amid geopolitical tensions and higher prices, according to the World Gold Council report released on Wednesday. The WGC's Q1 2026 Gold Demand Trends report revealed that total quarterly gold demand, including OTC, increased by 2 per cent year-on-year to 1,231 tonnes in the January-March quarter, compared to 1,205 tonnes in the corresponding period of 2025. While volumes increased modestly, the value of demand surged to a record USD 193 billion, up 74 per cent year-on-year. The average gold price during the January-March quarter surged by 81 per cent to USD 4,873 an ounce compared with USD 2,860 an ounce in the same period of 2025. "Geopolitical tensions attracted retail investors around the world to gold's price momentum and safe-haven appeal, driving bar and coin demand up 42 per cent. The impact of ...
Stronger investment demand in the world's second-largest consumer of gold partly offset a decline in jewellery buying, hit by a rally in prices, helping keep overall demand stable
Domestic gold prices were trading around ₹1,53,200 per 10 grams on Friday, after rising to ₹1,55,065 earlier this week, the highest in a month
Akshaya Tritiya, the second-biggest gold-buying festival in India after Dhanteras when buying gold is considered auspicious, will be celebrated on April 19
In the Q4FY26, Senco Gold reported a revenue growth of 46 per cent year-on-year (Y-o-Y), leading to a 35 per cent Y-o-Y growth for FY26 as compared to 21 per cent Y-o-Y growth in FY25
Domestic gold prices were trading around ₹155,000 per 10 grams on Friday, having hit a record high of ₹180,779 last month before sliding to as low as ₹133,687 earlier in February