950 Billion USD: The Amount of Gold In Indian HouseholdsDecember 4, 2011 6:52 am
We had spotted multiple gold stats in the past – we spotted this today:
“India’s innate fascination with gold continues as Indian households hold gold worth over $950 billion which in turn is around 50 per cent of the country’s GDP in dollar terms, says a report.
Gold consumption is part of India’s culture and tradition and the country is the world’s largest consumer of gold, followed by China. ”
Statistics Source: EconomicTimes