India's Deepavali gold buyers opt for lighter jewellery, exchange old pieces amid high prices

In Mumbai, Manisha Shinde spent about US$700 on a gold coin for Deepavali, while Indian jewellers report customers buying lighter pieces or exchanging old gold due to prices around US$4,000 per ounce. Gold demand fell 20% to just under 100 tonnes in Q3 2026.

Source: India's Deepavali gold buyers opt for lighter jewellery, exchange old pieces amid high prices — Channel News Asia

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Topics: goldprice · diwali · goldjewellery · india · goldrate · festiveseason · deepavali