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Why has gold demand fallen despite Indians spending a record ₹1.98 lakh crore?
short by Udit Gupta / on Friday, 31 July, 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%.
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