The case for long-term investment in gold, however, remains intact.
Monthly gold imports have declined to 25-30 tonnes from 70-80 tonnes while recycling of old jewellery has increased following the recent hike in import duties.
Indian para badminton star Pramod Bhagat clinched the men's singles SL3 gold medal at the British & Irish International, defeating compatriot Nitesh Kumar in the final. Bhagat also secured a bronze in mixed doubles. Tokyo Paralympic champion Krishna Nagar added a silver and two bronze medals to India's tally, highlighting a strong performance by the Indian contingent in Dublin.
The FIFA World Cup trophy's gold content has more than doubled in value since 2022, now estimated at USD 713,000, driven by a broader rally in gold prices due to geopolitical tensions and economic uncertainty. This makes it the most valuable sporting trophy by melt value, significantly surpassing other major awards like the Champions League and American sports trophies.
Indian para-badminton players, including Tokyo Paralympic champion Krishna Nagar, delivered an outstanding performance at the French Para Badminton International, securing multiple gold, silver, and bronze medals across various categories.
Indian archers Dhiraj Bommadevara and Kumkum Mohod secured a historic recurve mixed team gold medal at the Archery World Cup Stage 3 in Antalya, Turkey, by defeating reigning Olympic champions South Korea in a stunning upset. This marks the first World Cup gold for both archers in this event.
Teenager Pritam Kendre won a gold medal in the men's 10m air rifle at the ISSF Junior World Championship in Suhl, Germany, contributing to India's growing medal tally of 11, including five golds. India also secured a bronze in the women's 25m pistol team event, showcasing strong performances from its young shooting contingent.
Indian boxer Jyoti secured the country's only gold medal at the World Boxing Cup 2 in Guiyang, China, defeating Uzbekistan's Farzona Fozilova in the 48kg final.
Japan's Masaru Yamada and Sano Yui clinched gold medals in men's epee and women's sabre respectively at the Senior Asian Fencing Championships. Hosts India, including Olympian C. A. Bhavani Devi, had a disappointing outing with fencers finishing in lower ranks across both events.
Indian archer Dhiraj Bommadevara secured a golden double at the Archery World Cup in Antalya, winning his maiden individual gold by defeating Paris Olympics bronze medallist Lee Woo Seok, hours after claiming the recurve mixed team title.
Indian gymnasts Harshit Damodaran and Akshat Bajaj achieved a historic gold-silver finish in the junior men's vault event at the Asian Artistic Gymnastics Championships in Zunyi, China. Harshit secured gold with 13.649 points, while Akshat took silver with 13.433 points, marking a significant achievement for Indian gymnastics.
India's athletics contingent secured a gold medal in the women's 4x100m relay at the Asian Relays Championships in Shaoxing, China, clocking a season-best time.
A self-styled godman, Shaji alias "KGF Swami", has been arrested in Thrissur, Kerala, for allegedly cheating people by promising to supply gold at discounted rates. Police seized fake gold and multiple identity cards from his residence, and he is suspected of involvement in other fraud cases.
A man accused of duping an Indore-based trader of Rs 10 lakh by selling artificial gold was arrested in Jhansi after a police encounter. The accused, Deepchand Kushwaha, was injured during retaliatory firing, and police recovered a portion of the cheated amount.
Latur police have arrested a woman for allegedly stealing gold ornaments worth Rs 15 lakh and recovered most of the stolen jewellery. In a separate incident, they also successfully rescued three bulls that were stolen from Sarola village, returning them to their owner.
Star Indian high jumper Sarvesh Kushare has set a new national record by clearing 2.31m at the National Inter-State Championships in Bhubaneswar, becoming the first Indian to breach the 2.30m mark.
The Directorate of Revenue Intelligence (DRI) has dismantled a gold smuggling syndicate at Mumbai's international airport, seizing 2.6 kg of gold in wax form, valued at approximately Rs 4.20 crore.
Indian wrestlers delivered a strong performance at the Ulaanbaatar Open Ranking Series in Mongolia, securing four gold and two bronze medals across women's and Greco-Roman categories. Manisha, Neha, Sunil, and Nitesh clinched gold, contributing to India's six-medal tally.
Customs officials at Bengaluru's Kempegowda International Airport arrested a passenger from Dubai for attempting to smuggle 899.50 grams of 24K gold, valued at Rs 1.37 crore, concealed in capsules.
India's snooker team, featuring Pankaj Advani and Aditya Mehta, narrowly lost 3-2 to hosts China 'A' in the World Team Snooker Championship final. Despite Advani's strong performance, Aditya Mehta's loss in the decisive frame cost India the gold medal in a challenging, error-ridden contest.
Hyderabad police apprehended three Nepali nationals, including a couple who worked as domestic help, from Rampur, Uttar Pradesh, in connection with the theft of 7.5 kg gold and 1.5 kg silver ornaments from a businessman's house. The stolen property was recovered intact, and the accused are being brought to Hyderabad on a transit warrant.
The Directorate of Revenue Intelligence (DRI) has dismantled a major gold-smuggling syndicate at Chhatrapati Shivaji Maharaj International Airport, seizing 3.2 kg of gold worth Rs 5 crore. Seven individuals, including Bangladeshi and Sri Lankan nationals and three airport staff, have been arrested in connection with "Operation Golden Nexus."
Odisha Vigilance has seized an additional 703 grams of gold from a bank locker belonging to Baikuntha Nath Behera, an assistant executive engineer, bringing the total recovery to 1.255 kg. Behera was arrested for possessing assets disproportionate to his known income, including over Rs 2 crore in cash, five buildings, 14 plots, and significant deposits.
Odisha Vigilance has seized an additional 703 grams of gold from a bank locker belonging to Baikuntha Nath Behera, an assistant executive engineer, bringing the total recovery to 1.255 kg. Behera was arrested for possessing assets disproportionate to his known income, including over Rs 2 crore in cash, five buildings, 14 plots, and significant deposits.
'Customers do not recover the original making charges paid on old jewellery. Sentimental value is lost when heirlooms are exchanged.'
The Congress-led UDF government's decision to appoint a defence lawyer for the accused in the Sabarimala gold loss case as a Devaswom advocate has drawn strong criticism from the opposition CPI(M), which alleges the move is an attempt to sabotage the ongoing probe and protect political figures.
Indian athletes had a successful opening day at the New Taipei City Athletics Open, securing two gold medals and one silver. Long jumper Shaili Singh and the women's 4x100m relay team won gold, while Tejas Shirse earned a silver in the 110m hurdles.
A man in Chhatrapati Sambhajinagar has been booked for allegedly cheating a 43-year-old teacher of cash and gold by promising her marriage and a job in Dubai, and also attempting to coerce her into converting to Islam. The accused, Hussein Abu Soydan, reportedly established a relationship with the victim, took significant sums of money and jewellery, and then avoided contact after a purported marriage and conversion.
The Sabarimala Ayyappa Seva Samajam (SASS) has voiced strong dissatisfaction with the ongoing Special Investigation Team (SIT) probe into the Sabarimala gold loss cases, urging the Kerala government to transfer the investigation to the Central Bureau of Investigation (CBI). The organisation also highlighted severe issues faced by pilgrims during the Mandalakala-Makarvillakku season, including poor crowd management and long waiting hours, and offered to provide free services to devotees.
Two individuals have been arrested in Belagavi, Karnataka, for allegedly stealing gold ornaments worth Rs 1.2 crore from the residence of an elderly doctor couple. Police have recovered a significant portion of the stolen goods and are continuing efforts to retrieve the remainder.
Teenaged high jump star Pooja Singh broke the national senior record en route to winning the gold medal at the Asian U20 Athletics Championships. The 19-year-old cleared 1.93m, bettering Sahana Kumari's 14-year-old record. India secured seven medals, including four gold, on the second day of the competition.
The Reserve Bank of India (RBI) has debunked reports of gold sales, stating that its physical stock of gold remains unchanged at 880.52 tonnes, countering claims of selling approximately USD 12 billion to protect foreign-currency reserves.
Police in Delhi have registered a burglary case after a house was broken into and cash and gold jewellery were stolen. An investigation is underway.
Ballygunge Siksha Sadan's junior girls' team won gold at the All India Invitation Inter School Rowing Championship in Kolkata, while other schools also secured victories in various categories.
Ahmedabad police have arrested eight individuals involved in a pre-planned scheme to steal 2.1 kilograms of gold jewellery worth Rs 2.58 crore from an Akasa Air cargo shipment at Ahmedabad airport.
Indian athletes secured three gold medals at the Asian U20 Championships in Hong Kong, maintaining their second-place position. Nikhil Chandrashekar, Basant, and Shahnavaz Khan contributed to India's success in the 3000m steeplechase, high jump, and long jump events, respectively.
Titan will continue investments, even as it notes it is too early to assess how customer sentiment and store footfalls will be impacted by the Prime Minister's appeal to reduce gold consumption and the recent hike in import duty.
The Enforcement Directorate (ED) seized gold worth nearly Rs 4 crore and recovered a 'suspicious diary' during searches at the residence of arrested businessman Jay S Kamdar in Kolkata.
'It has always been viewed as a hedge against inflation.'
Mouni Roy made a stunning impression at the Cannes 2026 Pre-amfAR event, dazzling in a dramatic black-and-gold gown.
