Central Banks Bought More Gold in Q3 2026
The World Gold Council's Q3 2026 report says central banks sped up their gold buying in the third quarter. Related reports in the same roundup say India's tax changes pushed illegal gold imports to a three-year high. Gold investment in India also fell sharply, by about 40 percent.
Context
Gold is a traditional savings and wedding gift in India, so changes in tax and import rules affect buyers and jewellers directly. Central banks hold gold as a reserve asset, and their buying can shape global prices.
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