NewsSignals AI analysis·Moneycontrol·Nov 3, 2026

India's 2026 gold demand seen falling to six-year low on price rise

Grade Abearish AI signal$XAU

India's gold demand is forecast to fall to around 650 metric tons in 2026, its lowest level since 2020, as elevated prices and economic pressures weigh on purchases. Gold demand dropped 29% year-on-year to 162.5 metric tons in the September quarter, with jewellery demand down 20% and investment demand falling 40%. Although Diwali and the wedding season could support a December-quarter recovery, high prices and weaker rural incomes may continue to cap demand.

Bullish strength: 35/100

Diwali and the wedding season could improve gold purchases in the December quarter.

Bearish strength: 65/100

India's 2026 gold demand is forecast to reach a six-year low of around 650 metric tons.
September-quarter demand fell 29% year-on-year, with jewellery purchases down 20% and investment demand down 40%.
Elevated prices, rising living costs, and weaker rural incomes are expected to constrain demand.

This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.

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