New Delhi, May 29 -- Domestic gold jewellery consumption in India is projected to expand by a significant 12-14 per cent in value terms in fiscal year 2026, according to a recent report by ICRA. Gold prices surge by 33 per cent in FY25, ICRA says prices will continue to surge in FY26.

"This will be supported by continued gold price appreciation, planned retail expansion, and market share gains from the unorganised segment. A higher number of auspicious days in the fiscal is also expected to lend some support to demand, despite elevated prices and declining volumes," said Jitin Makkar, Senior Vice President and Group Head, ICRA.

The previous fiscal year saw a substantial 28 per cent increase in the value of gold jewellery consumption, la...