They have 24 thousand tons of gold in India? 11 percent of the world's gold
Thu Jan 02 2025
It
is said that gold is the safest way of saving, whose price is not affected by
time and era. This is the reason why even today people trust gold for
investment, while there are dozens of ways to double and triple the money in a
jiffy. The biggest medium of saving in India is gold, which is invested in the
form of jewelry. This is the reason why India is counted among the fourth
largest gold importing countries in the world.
The gold stored in the form of jewelry by Indian women is 11 percent of the
total gold in the world. According to the World Gold Council, Indian women have
a total of about 24,000 tons of gold. The immense gold present in the form of
jewelry in India is more than the combined gold reserves of the top five
countries of the world. It is worth mentioning that since ancient times gold
has been a symbol of traditional and cultural importance for Indian women.
Indian women are very fond of gold jewellery and it is said that buying gold
jewellery on every occasion is considered auspicious, while it has special
importance in wedding ceremonies. It can be said that marriage is not possible
without gold jewellery, in which both the bride and groom wear jewellery. This
is the reason why a huge stock of gold has accumulated in the form of jewellery
in India.
The stock of gold in the form of maximum gold jewellery is the highest in the
world's top five countries namely America, Germany, Italy, France and Russia
respectively. Currently, America has 8,000 tonnes of gold, Germany has 3,300
tonnes, Italy has 2,450 tonnes, France has 2,400 tonnes and Russia has 1,900
tonnes of gold, which means that the gold reserves of the five countries with
top gold reserves are less than the gold held by Indian women.
Indian women have about 24,000 tonnes of gold in the form of jewellery and
ornaments, which is about 11 percent of the total gold reserves of the world.
The amount of gold jewellery held by Indian women is more than the combined
gold reserves of the top five countries of the world.
According to a report by the Oxford Gold Group, women of South Indian families
have the most gold jewellery compared to other parts of India. In terms of gold
ownership, women of South India have 40 percent of India's total gold, in which
Tamil Nadu alone has a share of 28 percent, which is more than the combined
reserves of the US, International Monetary Fund (IMF), Switzerland and Germany.
Source: https://english.newstrack.com/