There is $950 b worth Gold in Indian homes!!

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

Fascinating Gold facts

Want to know some interesting GOLD facts!

How much Gold is available in the world above ground?

Who is the largest consumer of Gold?

Where does the Gold gets produced?

How much Gold is available for every human?

Etc.......

Just follow the following link :-

From: Number Sleuth

http://www.numbersleuth.org/worlds-gold/

It answers a few fascinating questions about fascinating metal called GOLD!

Regards

NJ