India Gold Demand to Hit Six-Year Low in 2026

India's gold demand is projected to fall to a six-year low of 650 metric tons in 2026. Elevated prices and a weak rural economy following poor monsoon rains are weighing on jewellery sales and investment demand.

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FILE PHOTO: An employee arranges gold necklaces at a jewellery store in Mumbai, India, March 20, 2025. REUTERS/Francis Mascarenhas/File Photo

India's 2026 demand for Gold will fall to 650 metric tons, dropping to a six-year low amid elevated prices. The decline follows a 29% drop in the September quarter driven by weak jewellery sales and lower investment. Rural economies face pressure from poor monsoons, limiting purchases in the world's second-largest market behind China.