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India leads global gold demand despite 17% jewelry sales drop.
Global gold jewellery demand fell 17% in the first half of FY2026 due to persistently high prices, while investment demand for gold bars, coins, and ETFs surged 60% year-on-year, driven by economic uncertainty.
India remains the world's top gold jewellery consumer, though its domestic demand dropped 26% amid high prices and a depreciating rupee.
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