India's Gold Demand, Q3 2026: Indians bought 29% less gold and spent 3% more
Indians bought 162.5 t of gold in Jul–Sep 2026, down 29%, but spent 3% more (₹2.42 lakh crore) as the domestic price rose 45%.
The headline rate just fell from 5.4% to 5.1%. But among 15–29-year-olds it is 15.3% — three times the national figure — and young urban women face 26.1%, roughly one in four.
Unemployment rate (%), current weekly status, July–September 2026. Bars are to scale.
Bar lengths are scaled to the largest value (26.1% = full width). Source: NSO/MoSPI, PLFS Quarterly Bulletin July–September 2026, Statement 5.
Unemployment rate (%), current weekly status, by quarter
Column heights are scaled to 18.9% = full height. Source: PLFS Quarterly Bulletin July–September 2026, Statement 5.
Fewer than one in two urban workers has a regular salaried job. If you have one, you are in the 49.6% — the stability is the asset.
18.9% of urban 15–29-year-olds who want work cannot find it. The talent pool is young, urban and available — hiring at the entry level is a buyer's market.
The fall in rural unemployment to 4.3% rode on seasonal farm work: agriculture's share of rural jobs jumped 3.8 points in the quarter. Watch Oct–Dec before calling it a trend.
Indians bought 162.5 t of gold in Jul–Sep 2026, down 29%, but spent 3% more (₹2.42 lakh crore) as the domestic price rose 45%.
97 million more women are working than in 2017-18, mostly as self-employed or unpaid helpers. The pay gap widened, most sharply in villages.
Aon puts India's 2027 medical cost growth at 10.1%, ahead of a 9.1% projected raise. The gap narrows from 2.5 points to 1.0 point.