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    GOLD DEMAND IN INDIA

    Gold falls on stronger dollar amid renewed US-Iran tensions

    Gold prices dropped significantly on Monday. The U.S. dollar strengthened, making gold more expensive for buyers using other currencies. Meanwhile, oil prices surged amid rising tensions between the U.S. and Iran. This situation has revived concerns about inflation. India's gold demand remained subdued due to high prices. Other precious metals also saw declines.

    Akshaya Tritiya sees 30% volume drop in gold buying amid price spike

    Gold demand during Akshaya Tritiya dropped about 30% in volume as prices, up nearly 60% year-on-year, deterred large purchases. Buyers stayed within budgets, shifting to lighter jewellery, small coins and exchange-led buying, while millennials preferred solitaires in the ₹75,000–2.5 lakh range.

    Akshaya Tritiya sees tepid demand on gold price surge

    Gold demand during India's Akshaya Tritiya festival remained subdued as record prices curbed jewellery purchases, despite a slight increase in investment demand. Consumers shifted towards gold coins, with overall buying volume lower, though value spending was higher due to elevated prices. This reflects a changing trend of price-sensitive buyers purchasing throughout the year.

    Andhra’s new gold mine could change India’s import story

    India is set to launch its first large-scale private gold mine, the Jonnagiri project in Andhra Pradesh, aiming to boost domestic production and reduce reliance on imports. Developed by Geomysore, the mine, with significant investment and potential resources, is expected to produce up to 1,000 kg of gold annually, marking a crucial step in India's mining ambitions.

    Gold demand weakens in March as price volatility triggers buying wariness

    Indian gold demand showed strength in early 2026. Retailers saw significant revenue growth, boosted by weddings and festivals. Gold ETFs experienced substantial inflows, extending a positive trend. Despite some profit-taking, investor interest in gold remained robust. Expansion plans by jewellers indicate confidence in the market.

    Akshaya Tritiya 2026: Gold, silver trade seen topping Rs 20,000 cr despite record prices and decline in volumes

    Akshaya Tritiya 2026 is set for record precious metal sales in India. Despite soaring gold and silver prices, trade is expected to exceed Rs 20,000 crore. Consumers are opting for lightweight jewelry, silver, and diamond products. Digital gold and bonds are also gaining traction. This trend shows a shift towards value-driven purchases and financial prudence.

    The Economic Times
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