WGC sees gold range-bound near $4,100/oz in H2 2026; India duty hike could cut demand ~10%
The World Gold Council expects gold to hover around $4,100/oz in H2 2026, with upside to $4,500-5,000/oz if risks intensify. A proposed India import duty rise from 6% to 15% could trim jewellery, bar and coin demand by 50-60t (~10% y/y), pressuring the roughly 800t/year net market.
WGC sees gold range-bound near $4,100/oz in H2 2026 with upside to $4,500-5,000/oz. India's import duty hike from 6% to 15% could cut jewellery, bar and coin demand by 50-60t (~10% y/y).
Why this matters
WGC continues flagging India duty risk after warning a hike could cut 2026 demand by up to 60 tonnes, even as Indian gold prices jumped 4.1% in May against a 1.4% global decline.
Retail-brand signals steady at 2,452 over the past 90 days.