India Gold Demand Softens Amid Price Swings
By ThePip Desk•
Key Highlights
Indian gold demand slowed in March 2026 due to price volatility, despite a strong start driven by weddings, festivals, and ETF inflows. Market analysis.
Gold demand in India weakened in March, 2026 as price volatility led to buyer caution. This followed a strong start to the year, during which retailers saw significant revenue growth. The increase was largely attributed to weddings and festivals.
Gold ETFs also experienced substantial inflows, continuing a positive trend. Investor interest in gold remained robust, although some profit-taking was observed.
Jewellers are moving forward with expansion plans, signaling confidence in the market despite the recent softening of demand.