The Hindu·4 min read·medium
India's gold demand falls 6% in April-June on weak seasonal demand, higher duty: WGC
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PTI
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India's gold demand dropped 6% in the second quarter of 2026 due to higher customs duties, seasonal factors, and government appeals to reduce non-essential purchases. Despite lower volume, the total value of consumption rose significantly due to higher gold prices.
“India's gold demand fell 6% year-over-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.
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