India’s gold demand falls during the April–June quarter, according to World Gold Council data cited by multiple outlets. The Hindu reports that total jewellery demand in India declines 15% to 75.1 tonnes from 88.8 tonnes in the same period last year. The Economic Times and Business Line also describe an overall 6% fall in gold demand, attributing it to weak seasonal buying and consumers pulling back as prices become volatile and higher import duty affects costs.
Business Line notes that, despite the lower tonnage, gold demand remains high in value terms, indicating that some consumers continue to purchase within their budgets rather than abandoning purchases entirely. Taken together, the reports point to a demand slowdown in quantity, linked to price fluctuations and duty-related pressures, while consumer spending shifts rather than disappears.
The sources collectively cover the same quarter and focus on both volume declines (tonnes) and the relationship between pricing, duty, and consumer behaviour.
