Commodities
Retailers say they have sufficient stock to cover the festival and wedding seasons
Despite the recent decline in international gold prices, 22-karat gold was priced at 136,000 rupees per 10 grams at a New Delhi jewelry store earlier in October, up from 112,000 rupees a year ago. © Reuters
KIRAN SHARMA
October 30, 2026 14:36 JST
NEW DELHI — India’s gold imports dropped 81% in September ahead of the country’s festive season, mainly due to elevated domestic prices and Prime Minister Narendra Modi’s repeated calls against buying the precious metal, raising questions about whether weaker demand in the world’s second-largest market could affect global bullion prices.
Source: asia.nikkei.com
