Indian Gold Jewellery Demand Falls as Spending Rises
WGC data show jewellery demand fell year on year to 241.1 tonnes in the first nine months of 2026, while spending rose.
Indians are spending more on gold jewellery despite buying significantly less of the metal, highlighting how record-high prices are changing household purchasing patterns. Jewellery demand fell 18 percent year-on-year to 241.1 tonnes in the first nine months of 2026. Yet the value of purchases rose…