Higher interest rates remain a headwind for non-yielding gold, with markets also watching global economic risks and rising geopolitical tensions in the West Asia region. India’s gold demand, import duties and investment trends. India’s gold demand has remained subdued in recent years, according to the World Gold Council, although the country. Gold prices fell to ₹1.42 lakh per 10 grams, while silver futures dropped ₹3,743 per kg on October 27.