India, April 30 -- There is something about gold in the recent past. Both its demand and prices have either fluctuated, or come down in both mysterious and logical ways. According to the World Gold Council's index, there was a price peak in January 2026, followed by a fall, resurgence by early-March to a smaller peak, another fall during March, before a perk up since late-March. Much of this movement can be explained by

corrections, and the ongoing Iran-US-Israel war. Similarly, the overall quarterly demand, including OTC, went up, and came down over the past five quarters. In Q1-26 (January-March), which includes the war period, the demand was the lowest since Q2-25 (April-June).

What is equally perplexing about the demand is the wild ...