NewsSignals AI analysis·CNBC TV18·Nov 3, 2026

India's gold demand falls 29% in Q3; WGC sees 2026 demand at six-year low

Grade Abearish AI signal$XAU

India's gold demand plunged 29% year-on-year to 162.5 tonnes in Q3 2026, putting full-year consumption on track for a potential six-year low, according to the World Gold Council. The WGC expects 2026 Indian demand of 625–675 tonnes, while jewellery demand fell 20% and bar and coin purchases dropped 40% as record-high prices and higher import duties discouraged buyers. Weak Indian consumption could pressure gold demand, although rising central-bank purchases and global ETF inflows may provide a counterbalance.

Bullish strength: 40/100

Global physically backed gold ETFs recorded 211.2 tonnes of inflows during Q3.
Central-bank gold purchases increased 42% to 321.2 tonnes, their highest quarterly total since Q4 2024.
The WGC expects central-bank purchases in 2026 to at least match 2025's 848 tonnes.

Bearish strength: 60/100

Indian gold demand declined 29% year-on-year to 162.5 tonnes.
India's full-year demand could reach a six-year low of 625–675 tonnes.
Indian jewellery demand fell 20%, while bar and coin demand declined 40%.
The WGC reduced its forecast for global gold investment growth from 400 tonnes to 200 tonnes.
Gold prices corrected sharply from their January record high of $5,595 per ounce.

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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