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  • India's Gold Consumption Surges Despite Economic Gains

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    Raman Kumar Srivastava
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    India consumed around 18% of world gold production even though it only contributed 1.6% of global GDP, showing gold's importance as a safety net for Indian households. While gold imports have sharply risen over the last three years as the rupee appreciates, inflation falls, banking improves and confidence increases, this gold rush is surprising to market watchers given the economic conditions.

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    India consumed around 18% of world gold production even though it only contributed 1.6% of global GDP, showing gold's importance as a safety net for Indian households. While gold imports have sharply risen over the last three years as the rupee appreciates, inflation falls, banking improves and confidence increases, this gold rush is surprising to market watchers given the economic conditions.

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    14 views1 page

    India's Gold Consumption Surges Despite Economic Gains

    Uploaded by

    Raman Kumar Srivastava
    India consumed around 18% of world gold production even though it only contributed 1.6% of global GDP, showing gold's importance as a safety net for Indian households. While gold imports have sharply risen over the last three years as the rupee appreciates, inflation falls, banking improves and confidence increases, this gold rush is surprising to market watchers given the economic conditions.

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    GOLD CONSUMPTION IN INDIA

    India consumed around 18% of world Gold produced. Even though it only contribute 1.6% of Global GDP.

    Traditionally, Gold has been a good safety net for Indian households. However, the sharp rise in gold imports over the last three years when the rupee has started appreciating, inflation is relatively low, banking facilities are improving And economic can confidence has picked up, is surprising say Market watchers.(Source: -Economic Times, Article, Forget sensex, the Gold rush is on, feb 2012

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