Chennai: Gold demand in the March quarter went up 10 per cent to 151 tonnes, while demand value doubled to Rs 2.27 lakh crore. Investment demand, comprising coins and bars and gold ETFs surpassed jewellery demand and was the main driver of gold consumption, according to the World Gold Council.
Demand for gold in India for Q1 2026 was at 151 tonnes, up by 10 per cent from 137 tonnes in the year-ago quarter. In value terms, gold demand was up 99 per cent to Rs. 2,27,530 crore compared to Rs.1,14,600 crore in the same quarter last year.
Total Jewellery demand decreased by 19% to 66.1 tonnes, while bar and coin demand increased 34 per cent to 62.3 tonnes. Gold ETF demand went up 197 per cent to 19.9 tonnes against 6.7 tonnes in Q1 2025. Investment demand, which comprises bars and coins and gold ETFs, was much higher at 82.2 tonnes than jewellery demand of 62.3 tonnes.
While gold imports were up 39 per cent to 186 tonnes in the quarter, recycled gold was up 20 per cent to 31.2 tonnes.
Jewellery demand faced notable headwinds during the quarter, though value-wise the demand was resilient. In contrast, investment demand emerged as a key driver of overall growth. This strong momentum highlights increasing investor confidence in gold as a strategic asset, supported by heightened global uncertainties and its role as an effective hedge against inflation and market volatility,” said Sachin Jain, Regional CEO, India, World Gold Council.
WGC estimates full year demand to be in the range of 650-750 tonnes.
Disclaimer : This story is auto aggregated by a computer programme and has not been created or edited by DOWNTHENEWS. Publisher: deccanchronicle.com
