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Commodities Briefing - Categorized | Bullion/Gold, Market Moves more

India’s Role In The Gold Market

Posted on 20 June 2014

India is now, according to The World Gold Council (WGC), the world’s second biggest consumer of gold, having been surpassed by China. However, India remains a major player in the gold market. In this article, I will look at the importance of India in the gold market.
In India, gold is religion. India’s love affair with gold is timeless, spanning centuries, even millennia. Roman historian, Pliny, lamented some 1800 years ago how India, the sink of precious metals, was draining Rome of gold, an appellation that resonates even today. Indians see the metal as a symbol of purity, prosperity and good fortune………………………………………..Full Article: Source


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VRS - who has written 38538 posts on Opalesque Commodities Briefing.


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