Indian households hold gold worth over US$ 950 billion which in turn is around 50 % of the country's GDP in dollar terms.
Indian households hold 18000 tonnes of gold which represents 11 % of the global stock. Notwithstanding the 64 % cumulative rise in gold prices, between January 2010 & September 2011, gold consumption in India in volume terms is still holding strong.
( Source Macquarie, an Indian research firm)
Regards
NJ
Jewellery is one of the oldest forms of body adornment. The history of jewellery India fascinates me and has led me to explore the evolution of jewellery and the varying roles jewellery has played in culture and society.
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