India gold demand falls 29% to 162.5 tonnes in July-September
In short
India’s gold demand dropped 29% in July-September to 162.5 tonnes, according to the World Gold Council. Jewellery demand fell 20% to 99.9 tonnes, but its value rose 16% to ₹1,48,700 crore.
This matters for jewellers, gold buyers, and the wider bullion market. The report does not say why demand fell or whether the price rise changed buying patterns.
What the reporting says
India’s gold demand fell 29% to 162.5 tonnes in July-September, according to the World Gold Council. The Hindu’s summary said jewellery demand also dropped 20% to 99.9 tonnes, though its value rose 16% to ₹1,48,700 crore. The reporting does not state the reason for the decline, and it is unclear how much of the change came from price effects versus lower volume.
Why it matters
India’s gold market saw lower demand in the July-September quarter, with total demand down to 162.5 tonnes and jewellery volume falling to 99.9 tonnes. At the same time, the value of jewellery demand increased, suggesting higher prices may have played a role, but the reporting does not confirm that. The immediate impact is weaker volume demand for jewellers and the bullion trade.