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
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
Spot gold prices have risen over 2 per cent so far this week on easing fears of inflation and higher interest rates, as investors remained optimistic about a US-Iran peace deal
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
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
Without fresh imports, India could face supply shortages, as the world's second-largest gold consumer and biggest silver buyer relies on overseas purchases to meet nearly all its demand
Akshaya Tritiya, the second-biggest gold-buying festival in India after Dhanteras when buying gold is considered auspicious, will be celebrated on April 19
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
Domestic gold prices were trading around ₹150,000 per 10 grams on Friday, after hitting a record high of ₹180,779 last week before sliding to as low as ₹133,687 this week
Silver, on the other hand, UBS said, is likely to remain volatile going ahead in the backdrop of the sharp run seen in the last few months and the ensuing correction seen in the white metal recently.
Bullion dealers in India charged a premium of up to $121 per ounce this week over official domestic gold prices
Demand for gold could stand between 600 metric tons and 700 metric tons, compared to 710.9 tons last year, which was the lowest in five years
Spot gold will continue to draw support from safe-haven buying amid elevated geopolitical tensions as Greenland uncertainty continues
Domestic gold prices traded at around 136,700 rupees per 10 grams on Friday after hitting a record high of 140,465 rupees last week
Their family-run gold-loan business is surging as consumers tap rising bullion prices for quick cash, driving the firm's stock to a record and lifting the Muthoot family's wealth to new heights