Browsing: Gold Prices

India’s gold demand strengthened in Q3 2026, rising 24% quarter-on-quarter to 162 tonnes as jewellery purchases recovered and investment demand remained resilient. However, elevated gold prices continued to constrain volumes, while higher import duties contributed to a shift in supply towards unofficial channels. The World Gold Council’s latest India Focus report examines jewellery consumption, investment trends, gold ETFs, digital gold, recycling, consumer sentiment and the outlook for the festive and wedding season.

India’s gold market showed mixed demand trends as falling gold prices boosted jewellery purchases and ETF inflows, while bar and coin demand weakened. Domestic supply remained ample, imports declined, and retailers reported strong quarterly growth despite subdued overall consumer sentiment.

The All India Gem & Jewellery Domestic Council (GJC) has released its Mid-Year Bullion Trends 2026 report, highlighting historic movements in gold and silver prices, evolving consumer preferences, taxation concerns, policy reforms, and the outlook for India’s jewellery industry during the second half of the year.

The unprecedented rise in gold prices over the last three years has created significant challenges for jewellery manufacturers, including unrealised profits, increased tax burdens, working capital erosion, and inventory replacement difficulties. The Coimbatore Jewellery Manufacturers Association has highlighted these concerns and proposed practical taxation and inventory valuation reforms for immediate industry relief.

Platinum jewellery is witnessing strong global traction as record-high gold prices reshape consumer preferences, according to PGI’s Q4 2025 report.

All Kerala Gold and Silver Merchants Association State President K. Surendran and General Secretary Adv. S. Abdul Nazar alleged that the GST raid on the gold trading sector was untimely and aimed at disrupting the Onam trade