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The Economic Times
The Economic Times
Business

Import duty hike to decrease India's gold demand by 50-60 tonnes in 2026

Gold India WGC the World Gold Council

Mumbai, India's gold demand is expected to contract by 50-60 tonnes this calendar year, around 10 per cent lower than the previous year, following the import duty hike, according to the World Gold Council (WGC).

"Looking at 2026 as a whole, we estimate that combined jewellery and bar and coin demand could decline by around 50-60 tonnes, around 10 per cent lower than the previous year, due to the impact of the import duty hike," WGC said in its India gold market update.

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