Why has gold demand fallen despite Indians spending a record ₹1.98 lakh crore?
Udit Gupta, Published on Jul 31st, 2026

India's gold demand fell 6% year-on-year to 131 tonnes in June quarter as record prices discouraged people from jewellery purchases, World Gold Council said. However, the value of demand surged to a record ₹1.98 lakh crore as compared to ₹1.32 lakh crore during the same period last year. Jewellery demand dropped 15%, while bar and coin demand rose by 9%.
Read Full Article ...