Volatile gold prices have weakened Indian demand this week. Domestic gold was around INR 150,900 per 10g on Friday; prices peaked at INR 164,773/10g last month, a six‑month high. Dealers in Chennai said buyers are sidelined, waiting for further declines, and a Mumbai private‑bank dealer said jewellers are cautious ahead of the festival season and reluctant to build inventory.

2026-09-11

Volatile gold prices have weakened Indian demand this week. Domestic gold was around INR 150,900 per 10g on Friday; prices peaked at INR 164,773/10g last month, a six‑month high. Dealers in Chennai said buyers are sidelined, waiting for further declines, and a Mumbai private‑bank dealer said jewellers are cautious ahead of the festival season and reluctant to build inventory.