India's gold demand saw a 6 per cent year-on-year decline in the April-June quarter of 2026, reaching 131.4 tonnes, primarily due to subdued seasonal sales, increased Customs duty, and Prime Minister Narendra Modi's call to reduce gold purchases, according to a World Gold Council report.
The case for long-term investment in gold, however, remains intact.
Gold demand will go up in the second half of this year.
'Customers do not recover the original making charges paid on old jewellery. Sentimental value is lost when heirlooms are exchanged.'
World Gold Council to double investment in India, views organised retail as a boon to industry
Japan hosted a vibrant opening ceremony for the Asian Games in Nagoya, showcasing its technological advancements and cultural heritage. The event, themed 'Harmonic Heart Beat', welcomed 11,000 athletes from 45 nations, despite prior logistical challenges.
Japan inaugurated the 20th Asian Games in Nagoya with a vibrant opening ceremony that seamlessly blended advanced technology and rich cultural traditions, despite earlier organisational challenges.
'It has always been viewed as a hedge against inflation.'
The Olympic Council of Asia (OCA) has implemented a stringent Safeguarding Code of Conduct for athletes and officials participating in the Asian Games in Aichi-Nagoya, Japan. The code prohibits inappropriate relationships, degrading language, and harassment, with violations leading to severe penalties including suspension. It also addresses social media use and places special emphasis on protecting minor athletes.
Indian kabaddi player Brijendra Singh Choudhary has been stripped of his silver medal from the Asian Beach Games after testing positive for a prohibited diuretic. The International Testing Agency (ITA) confirmed the anti-doping rule violation, which Choudhary has accepted.
Athletics Federation of India's selection committee chairman Adille Sumariwalla has dismissed concerns over Neeraj Chopra's recent silver medal, stating that the "country's greatest athlete" should not be scrutinised for an occasional silver after consistently delivering gold for a decade.
The Sports Ministry has approved a 492-member Indian contingent, comprising 265 male and 227 female athletes, for the upcoming Asian Games in Aichi-Nagoya, Japan. Athletics forms the largest group with 73 participants, including star athletes like Neeraj Chopra and Jyothi Yarraji. Other prominent sports like shooting, weightlifting, badminton, boxing, and wrestling also feature strong teams, with some adjustments made due to doping violations.
Leading Indian jewellery bodies, including the All India Gem & Jewellery Domestic Council (GJC) and Malabar Gold & Diamonds, have expressed support for Prime Minister Narendra Modi's appeal to reduce gold imports and are advocating for enhancements to the Gold Monetisation Scheme (GMS) to unlock India's vast idle gold reserves.
'Every year we import approximately $70 billion worth of gold -- closer to $72 billion in 2025-2026, an all-time record.' 'There is no parallel for this anywhere in the world. And this love for gold will not disappear overnight.'
Veteran sports administrator and India's first shooting gold-medallist in Asian Games, Randhir Singh, has died at the age of 79. Leaders across the political spectrum have expressed their condolences.
Domestic gold exchange-traded funds (ETFs) saw their holdings jump 65 per cent to 95 tonnes in 2025, elevating Indian ETFs to sixth place globally, going by holdings of the yellow metal. At the end of 2024, they ranked eighth with 57.5 tonnes of holding, according to an analysis of data from the World Gold Council (WGC).
Silver and gold prices declined sharply in the futures trade on Friday as traders booked profits at elevated levels after a record-breaking rally, tracking a bearish sentiment in global markets and a rebound in the US dollar.
'What exactly is on the prime minister's mind, we do not know. But it feels like the government wants the country to be prepared for unseen challenges ahead.'
FIFA's proposal to create a $20 billion subsidiary for the World Cup highlights the intricate balance of power in global football, where the governing body's authority is often challenged by the significant commercial strength of UEFA, particularly in Europe.
ilver continues to outperform the yellow metal, with the gold-to-silver price ratio declining to its lowest level since 2013. The ratio fell to around 57 on Wednesday in the international market, from a five-year high of 100.8 at the end of April 2025.
This translates into an annual return of 40 per cent, suggests a recent note by the World Gold Council.
Veteran sports administrator and India's first shooting gold-medallist in Asian Games, Randhir Singh, died on Wednesday after battling age-related ailments. He was 79.
Veteran sports administrator and India's first shooting gold-medallist in Asian Games, Randhir Singh, died on Wednesday after battling age-related ailments. He was 79.
The Indian sporting fraternity mourns the death of veteran administrator and former shooter Randhir Singh, with tributes pouring in from prominent figures like Abhinav Bindra and various sports organisations.
Veteran sports administrator and India's first shooting gold-medallist in Asian Games, Randhir Singh, died on Wednesday after battling age-related ailments. He was 79.
Veteran sports administrator and India's first shooting gold-medallist in Asian Games, Randhir Singh, died after battling age-related ailments. He was 79.
'The pace of gold's ascent is striking, with prices rising from $3,500/oz to $4,000/oz in just 36 days -- far quicker than the historical average of 1,036 days taken to achieve similar $500/oz gains.'
Veteran sports administrator and India's first Asian Games shooting gold medallist Randhir Singh was cremated in Haridwar. Singh died at his New Delhi residence after battling age-related ailments. He was 79.
The Indian sporting fraternity mourns the death of veteran administrator and former shooter Randhir Singh, with tributes pouring in from prominent figures like Abhinav Bindra and PT Usha.
Legendary economist and former Federal Reserve chairman Alan Greenspan has died at the age of 100 due to complications related to Parkinson's disease, his wife Andrea Mitchell confirmed.
The International Olympic Committee mourns the death of veteran Indian sports administrator Randhir Singh, recognising his significant contributions to the Olympic Movement.
Randhir Singh, a prominent figure in Indian sports and the Olympic movement, has died at the age of 79. He was known for his contributions as an athlete, administrator, and advocate for Indian sports on the international stage.
The International Olympic Committee mourns the death of veteran Indian sports administrator Randhir Singh, recognising his significant contributions to the Olympic Movement in India, Asia, and worldwide.
Gold demand in India witnessed a 5 per cent on-year rise at 802.8 tonnes in 2024 supported by reduction in import duty, and purchases related to weddings and festivals, and going ahead consumption of the yellow metal in 2025 is likely to be between 700-800 tonnes, according to the the World Gold Council. The World Gold Council (WGC) in a report on Wednesday said gold demand in the country in 2024 stood at 802.8 tonnes, as against 761 tonnes in 2023.
The ceasefire is still technically holding, to the extent that no overt hostilities have been reported yet, but the rhetoric has hardened dangerously. The week ahead will also clarify whether the Islamabad failure was a negotiating tactic or whether Washington has genuinely locked itself into a position from which the only exits are climb-down, escalation, or the slow bleed of a new status quo that nobody chose and nobody controls. Prem Panicker continues his must read blog on the Iran War.
India's gold demand witnessed a 15 per cent on-year decline to 118.1 tonnes in the January-March quarter of this year, even as value grew by 22 per cent to Rs 94,030 crore due to surging prices, the World Gold Council (WGC) said on Wednesday. According to the WGC forecast, India's gold demand for 2025 is expected to be between 700-800 tonnes.
The RBI added roughly 3 tonnes in 2025, taking its gold reserves to 879 tonnes as of January 31, 2025.
FIFA president Gianni Infantino hailed Jay Shah's 'outstanding work' as the chairman of International Cricket Council.
Gold buying by central banks surged to 60 tonnes in October, mainly led by the Reserve Bank of India (RBI) which added 27 tonnes of the precious metal to its reserves, the World Gold Council (WGC) said on Thursday. India added 27 tonnes of gold in October, bringing its total gold purchases to 77 tonnes from January to October, according WGC data based on reported monthly data from the International Monetary Fund (IMF).
