India’s gold demand declines in the July-September (September) quarter, with lower jewellery purchases and weaker investment demand attributed to high gold prices. World Gold Council figures cited by multiple outlets show demand down around 29–30% year-on-year to about 162.5 tonnes, while jewellery demand also drops.
Business Line reports the September quarter decline and points to potential recovery in the December quarter, citing softer prices and festive buying. The Hindu similarly focuses on the quantity fall, adding that jewellery demand decreases in tonnage but rises in value terms. Free Malaysia Today and Business Line also frame the slowdown in terms of broader conditions, including higher living costs, the impact of the Iran war, and a possible effect from a weak monsoon on rural jewellery demand.
Overall, outlets broadly agree on the direction and magnitude of the quarterly decline, but they differ on emphasis—some stress near-term quarterly numbers, while others connect the fall to macroeconomic conditions and seasonal expectations for later recovery.
