Gold demand outlook: Import duty hike may reduce India's demand by 50-60 tonnes in 2026; WGC flags impact
India's gold demand is projected to drop by 50-60 tonnes in 2026, a 10% decrease, following a significant import duty hike. The World Gold Council notes this could also boost unofficial gold inflows, a trend observed historically with higher duties. Consumer sentiment and economic factors will also play a role.
