[India’s gold demand this year is expected to fall to a six-year low] November 3, the World Gold Council said on the 3rd that India’s gold demand this year is expected to fall to about 650 tons, the lowest level since 2020. According to Reuters, Sachin Jain, CEO of the World Gold Council India, said on the same day that demand for gold jewelery in India fell in the first three quarters of this year. Gold demand in the third quarter was 162.5 tons, a year-on-year decrease of 29%. Among them, gold jewelry purchases fell by 20% and investment gold demand fell by 40%. India is the second largest gold consumer in the world, with more than half of gold demand coming from rural areas, and gold jewelry is a traditional way for many local families to store wealth. However, this year, India's monsoon rainfall dropped to its lowest level in more than a decade, affecting agricultural production and reducing farmers' income. The rising cost of living caused by the war in Iran has also put pressure on the Indian people. These factors have inhibited the gold consumption capacity of Indian society. (Xinhua News Agency)