imports

An employee shows gold necklaces to customers at a jewellery store in Mumbai.

India’s gold demand seen falling to six-year low on price rise

India’s gold demand is expected to fall to a six-year low in 2026, as elevated prices weigh on jewellery sales and investment demand moderates, the World Gold Council (WGC) said on Nov 3.

The surge in import value was driven by the sharp rise in international gold prices.

Modi Urges Indians to Buy Less Gold as Imports Surge

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