Global gold slips 6% in 2026; Indian ETFs gain 7.5%

GreyOak summary

Global gold prices declined 6.36% in 2026, trading at $4,045 per ounce. Despite this drop, Indian gold ETFs delivered positive returns, with top performers gaining over 7.5%. The weaker Indian rupee cushioned the impact of falling international prices. Rising oil prices and US inflation expectations contributed to the global correction.