世界黄金协会预计2026年印度黄金需求降至约650吨，创六年新低
India gold demand seen at six-year low in 2026 as high prices and weak monsoon bite
The World Gold Council predicts that India's gold demand will fall to about 650 tons in 2026, the lowest since 2020. High prices and weak monsoons have suppressed jewelry and investment buying. In the September 2026 quarter, Indian demand fell by 29% year-on-year to approximately 160 tons, of which jewelry demand fell by 20% and investment demand fell by 40%. Sachin Jain, head of the association's India business, said demand will pick up during the festival and wedding season in December, but high prices and a weak rural economy will limit the extent of the recovery.
The World Gold Council's quantitative forecast for India's demand in 2026 provides a clear reference for assessing the suppression of high prices on physical consumption: the weak monsoon coupled with high gold prices, jewelry and investment buying have weakened simultaneously, and the decline in investment demand has been particularly prominent. For traders, the weakness of India, the traditional demand engine, means that the physical support for gold prices has weakened. In the future, they need to pay attention to the actual recovery of the December festival and wedding season, as well as the impact of the pace of rural economic recovery on demand elasticity.
世界黄金协会对印度2026年需求的预测，为判断高价对实物消费的抑制程度提供了具体参照。
来源：ForexLive · investinglive.com