India's Gold Demand Surges as Prices Fall

Gold demand in India is seeing an uptick thanks to lower and more stable prices, which has increased expectations of a stronger festive season for the precious metal. The World Gold Council (WGC) stated that demand conditions are improving as consumers responded to the recent price correction.

The WGC's latest India Gold Market Update noted that jewellery demand has strengthened due to consumers viewing recent price action as a buying opportunity.

Manufacturers and retailers have begun replenishing inventories ahead of the festive season, suggesting growing confidence in seasonal demand. Physical investment demand remains supportive despite moderating from earlier highs.