| In India, the world’s biggest annual bullion importer, gold jewelry plays a central role in weddings and festivals. But its main appeal is as an investment favored by both rich and poor.
India imported 933 metric tons of gold for private consumers last year, a 35 percent rise over five years and just under a quarter of global demand, according to the World Gold Council. But the bustling business at jewelry shops is putting an increasing strain on India’s national finances...............................................Full Article: Source
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