{"id":591362,"date":"2026-04-25T02:30:00","date_gmt":"2026-04-25T02:30:00","guid":{"rendered":"https:\/\/buglecall.org\/?p=591362"},"modified":"2026-04-25T02:30:00","modified_gmt":"2026-04-25T02:30:00","slug":"muted-demand-during-indias-second-biggest-gold-buying-festival-after-prices-surge-2","status":"publish","type":"post","link":"https:\/\/buglecall.org\/?p=591362","title":{"rendered":"Muted Demand During India’s Second-Biggest Gold-Buying Festival, After Prices Surge"},"content":{"rendered":"

Muted Demand During India’s Second-Biggest Gold-Buying Festival, After Prices Surge<\/span><\/p>\n

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Gold demand during one of India’s key buying festivals stayed muted on Sunday as record prices curbed jewellery purchases, \u200boffsetting a modest uptick in investment demand, according to\u00a0Reuters<\/a>.\u00a0<\/p>\n

Indians celebrated Akshaya Tritiya, the \u200csecond-biggest gold-buying festival after Dhanteras, when purchasing precious metals is considered auspicious. Only this time near record gold prices – the precious metal closed just over $4800 – kept buyer enthusiasm rather subdued.\u00a0<\/p>\n

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“The sharp rally in prices curbed jewellery demand. In volume terms, buying was lower as consumers \u200bheld back, though in value terms spending was higher due to \u200belevated prices,”<\/strong> said Amit Modak, chief executive of PN Gadgil \u2060and Sons, a Pune-based jeweller.<\/p>\n

Since consumers are, like everyone else, subject to the laws of supply and demand, it is natural that a higher price will lead to lower demand. Gold prices hit a record high of $5,594.82 \u200bper ounce on January 29 and are now trading just over $4,800.<\/p>\n

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Gold futures in \u200bIndia, the world’s second-biggest gold consumer, closed at 154,609 rupees ($1,670) per 10 grams on Friday, nearly 63% higher than at the last Akshaya Tritiya festival.\u00a0<\/strong>Except in a few \u200bsouthern Indian states, demand was lower than normal across the rest \u200bof the country, said Surendra Mehta, national secretary at the India Bullion and Jewellers Association. Meanwhile retail \u200cbuyers \u2060have been stacking<\/s> shifting toward gold coins, which are easier to liquidate, even as jewellers offered discounts on fees for crafting jewellery to attract buyers, said a Mumbai-based jeweller.<\/p>\n

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The latest decline in demand is an extension of recent trends: India’s jewellery demand in 2025 fell 24% from a year \u200bearlier<\/a>, partially offset by a 17% rise in investment , the highest since 2013, according World Gold Council data.<\/p>\n

Gold-buying patterns in India are \u200bchanging, with purchases no longer concentrated only during festivals \u200bas price-sensitive \u2060buyers make purchases throughout the year whenever prices dip, said a Mumbai-based bullion dealer with a private bank.<\/p>\n

India issued an order on Friday listing banks \u2060authorized to \u200bimport gold and silver, providing relief for \u200bbanks that were forced to halt imports because the list’s publication was delayed.<\/p>\n<\/div>\n<\/div>\n

Tyler Durden<\/a><\/span>
\nFri, 04\/24\/2026 – 22:30<\/span><\/p>","protected":false},"excerpt":{"rendered":"

Muted Demand During India’s Second-Biggest Gold-Buying Festival, After Prices Surge Gold demand during one of India’s key buying festivals stayed muted on Sunday as record prices curbed jewellery purchases, \u200boffsetting a modest uptick in investment demand, according to\u00a0Reuters.\u00a0 Indians celebrated Akshaya Tritiya, the \u200csecond-biggest gold-buying festival after Dhanteras, when purchasing precious metals is considered auspicious.… Continue reading Muted Demand During India’s Second-Biggest Gold-Buying Festival, After Prices Surge<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":591357,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[18,19,10,21,12,11,9],"tags":[],"class_list":["post-591362","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cancel-culture","category-censorship","category-civil-liberties","category-election-integrity","category-equal-justice","category-free-speech","category-religious-freedom","entry"],"_links":{"self":[{"href":"https:\/\/buglecall.org\/index.php?rest_route=\/wp\/v2\/posts\/591362","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buglecall.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buglecall.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buglecall.org\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buglecall.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=591362"}],"version-history":[{"count":0,"href":"https:\/\/buglecall.org\/index.php?rest_route=\/wp\/v2\/posts\/591362\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buglecall.org\/index.php?rest_route=\/wp\/v2\/media\/591357"}],"wp:attachment":[{"href":"https:\/\/buglecall.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=591362"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buglecall.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=591362"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buglecall.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=591362"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}