Titan Company, India’s largest jeweler, has warned that potential government measures to curb gold buying could cause a temporary demand slowdown, though long-term consumption remains resilient. CFO Ashok Sonthalia said supply is secure for the next three to four months, with underlying local demand still strong. The company also reported weaker conditions in its Middle East market and has slowed regional expansion amid geopolitical uncertainty. The comments follow Indian Prime Minister Narendra Modi’s call for citizens to avoid gold purchases for a year to preserve foreign exchange reserves — a move widely seen as difficult given gold’s cultural importance in India. Titan added that gold import disruptions have recently eased.

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