Gold demand fell 30% in September quarter on high prices
In short
Gold demand fell 30% in the September quarter because high prices hurt jewellery sales.
The report says demand may recover in the December quarter if prices soften. Festive buying and a longer wedding season could also help, but the exact demand numbers are not given.
What the reporting says
Gold demand fell 30% in the September quarter as high prices hurt jewellery sales, according to the headline and summary. The report also says demand recovery is expected in the December quarter, helped by softer prices, festive buying and an extended wedding season. The available reporting does not provide the underlying demand figure or a region breakdown.
Why it matters
Gold demand weakened in the September quarter, with jewellery sales hit by higher prices. The story points to a possible rebound in the December quarter if softer prices, festival purchases and a longer wedding season support buying. The reporting does not state the total demand volume or which market was most affected.