Mumbai, July 30 -- India's gold demand moderated during the April-June quarter, but the value of purchases touched a record as consumers continued to buy despite historically high prices, with the World Gold Council (WGC) expecting festive demand and investment buying to support the market in the second half of 2026.

According to the WGC's report, India's total gold demand declined 6 per cent year-on-year to 131.4 tonnes during the quarter. However, the value of demand rose 50 per cent to a record Rs 1,98,100 crore, reflecting elevated gold prices. Jewellery demand fell 15 per cent to 75.1 tonnes, while bar and coin demand increased 9 per cent to 50.3 tonnes. Gold ETF demand also rose 49 per cent year-on-year to 4.2 tonnes.

The report s...