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High Prices Curb Indian Gold Buying Before Akshaya Tritiya

High prices are curbing Indian gold demand ahead of the Akshaya Tritiya festival. Import delays and steady Chinese premiums reflect a quiet Asian bullion market.

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Insights:

Retail demand for Gold in India remained modest this week as high domestic prices weighed on consumer sentiment ahead of the Akshaya Tritiya festival. Despite the upcoming holiday on April 19, which is traditionally a major occasion for bullion purchases, the market has seen limited activity compared to previous years.

A customer examines a gold necklace at a retail store in Mumbai, India, in this file photo from January 2026. REUTERS/Francis Mascarenhas/File Photo
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