Gold Selling Pressure Remains Muted
The marginal decline in gold prices suggests a lack of strong selling pressure.
Too little corroboration in the last 3 days to call a trend (10 articles). Watching for it to gain traction.
Mainstream financial press is carrying this — attention has broadened beyond specialist outlets.
"total gold demand fell 6% year-on-year (YoY) to 131 tonnes in the second quarter of 2026. However, the value of that demand rose 50% to a record ₹1.98 lakh crore ($21 billion) as domestic gold prices remained significantly higher than a year ago."
"Recent strength in bullion appears driven largely by dip-buying and short covering. This follows the sharp correction from record highs earlier this year"
"Gold, and precious metals generally, only protect against the former. Let's dive into why this is the case... Investing in precious metals is the best way to hedge inflation."
"Gold prices in India continued to experience mixed movement on July 18, 2026, as domestic bullion markets reflected weakness in physical gold while futures contracts traded higher."
"Gold prices remained steady across major Indian cities on July 9, 2026. Tanishq showed a slight increase in 22K gold jewellery prices from yesterday."
"Chainani believes the current weakness is cyclical rather than structural. 'The pressure looks cyclical, tied to the macro backdrop, rather than a sign that gold's long-term case has weakened. The structural support is still there, though gains from here may come slower and with more swings.'"
"With global M2 now slowing from a growth rate of 12% at the peak to 7%, gold is understandably weaker. But it's too weak considering the modest deceleration in M2."
"He also wondered why no restrictions had been imposed on gold bonds and gold exchange traded fund trading, which allows investors to buy and sell the yellow metal in electronic, digital form on stock exchanges."
"Market analysis suggests some jewellery consumption has moved into bar and coin demand, particularly in markets like China and India where jewellery can act as a proxy investment, said Mr Fan."
""Investors are clearly exhausted by the conflict, and you can see it in how little the market reacts to bad news," says Mark Hackett, chief markets strategist for Nationwide."