India’s Q2 gold demand drops 6% as volatile prices delay jewellery purchases
India’s gold demand fell 6% year on year to 131 tonnes in the June quarter, with price volatility prompting consumers to defer jewellery buying. The quarter marked the second-lowest Q2 jewellery-demand level since 2000, signalling softer near-term trading conditions for jewellers.
India’s gold demand fell 6% to 131 tonnes in the June quarter as volatile prices prompted consumers to defer jewellery purchases, creating a weak demand signal for Indian jewellers and gold retailers.
Why this matters
No related recent signals are provided. The Q2 demand decline and delayed jewellery purchases point to softer near-term trading conditions for Indian jewellers.
Retail-company signals are accelerating, up 222200% quarter on quarter.