950 Billion USD: The Amount of Gold In Indian Households

December 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

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