India Leads Global Gold Jewellery Demand in Q3
India and China together accounted for 53% of global gold jewellery demand in the third quarter of 2026.
Updated on Nov. 6, 2026 in Jewelry
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India ranked first in global gold jewellery demand in the third quarter of 2026 with 99.9 tonnes, while China ranked second with 65.7 tonnes. The United States, Russia, Saudi Arabia and Turkey followed with 21 tonnes, 9.4 tonnes, 8.2 tonnes and 6.9 tonnes, respectively.
Why it matters
The rankings show how concentrated gold jewellery demand is in a small number of Asian markets, which shape consumption patterns for the wider global gold trade. Demand levels in these countries can influence gold prices and the retail jewellery sector worldwide.
In Q3 2026, India recorded 99.9 tonnes of gold jewellery demand and China recorded 65.7 tonnes, together making up 53% of the global total. The United States (21 tonnes), Russia (9.4 tonnes), Saudi Arabia (8.2 tonnes) and Turkey (6.9 tonnes) completed the top six, though the source does not give the global total or prior-period comparisons.
The details
Gold jewellery demand was measured by country for the third quarter of 2026, with India at the top of the ranking. Each country's figure is reported in tonnes, and the rankings place India, China, the United States, Russia, Saudi Arabia and Turkey in order.
Timeline
Q3 2026: Country gold jewellery demand rankings were recorded.
Market Landscape
Quarterly demand tracking of gold consumption by country, as reported in World Gold Council trends, shows Asian markets dominating jewellery purchases. The Q3 2026 rankings place India and China at the top, which continues the concentration of demand in these two markets.
Shoppers buying gold jewellery may see price and availability shifts as demand concentrates in India and China. The source does not specify how these rankings will affect retail prices for consumers.
The takeaway
Gold jewellery demand remains heavily concentrated in India and China, which together account for more than half of the global total. Readers tracking the jewellery market can use quarterly country data to watch where demand is shifting.
Further reading
Explore more on Jewelry trends and the markets driving global demand.
Source note: This article includes information reported by Cnbctv18.
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