By Rajendra Jadhav
Reuters
Wednesday, April 29, 2026
MUMBAI -- India's investment demand for gold surpassed jewelry consumption for the first time on record in the March quarter, as investors turned to the precious metal amid subdued equity market returns, the World Gold Council said today.
Stronger investment demand in the world's second-largest consumer of gold partly offset a decline in jewelry buying, hit by a rally in prices, helping keep overall demand stable, the WGC said.
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"For the first time investment demand surpassed jewelry demand," Sachin Jain, chief executive of the WGC's Indian operations, told Reuters.
"Investment demand will become increasingly prominent in the coming quarters, with both financial and retail investors showing more interest in gold." ...
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