WGC: India gold demand may drop 50-60 tonnes in 2026 on duty hike
World Gold Council estimates India's gold demand will fall ~10% (50-60 tonnes) in 2026 after import duty rose from 6% to 15%. Investment demand is more exposed than jewellery, but listed jewellers like Tanishq and Titan face volume risk and a potential resurgence of smuggling channels.
WGC estimates India's gold demand will fall 50-60 tonnes (~10%) in 2026 after import duty hike from 6% to 15%. Investment demand more sensitive than jewellery; risk of smuggling resurgence, impacting jewellers like Tanishq, Titan.