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India's gold demand hits six-year low in Q2 despite record spend
India's gold demand reached a six-year low in the April-June quarter. Record-high prices and increased import duties significantly reduced consumer purchases. Jewellery demand saw a notable year-on-year decrease despite Akshaya Tritiya. Investment demand also moderated, though gold remains a preferred hedge. Consumers increasingly used gold loans for liquidity needs, bypassing sales.
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thehindubusinessline.com
India’s gold demand falls 6% as volatile prices turn away consumers
India’s gold demand in the June quarter dipped 6 per cent to 131 tonnes as volatile prices forced consumers to postpone their jewellery purchases.
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economictimes.indiatimes.com
India's gold demand falls 6 per cent in April-June on weak seasonal demand, higher duty: WGC
India's gold demand decreased six percent year-on-year during the April-June quarter. This decline occurred despite a significant fifty percent increase in the value of gold…
