India in gold usage
August 10, 2009
India in Gold usage:
India is the largest consumer of gold in recent times.
In1995 in has 447 tones of gold but now India is estimated to hold more than 11000 tones of gold.
USA is the most gold owned country followed by Germany.
Purity of the Gold:
Gold purity is measured by Karat. 24 karat is the pure gold and 22 k is used for make the ornaments.
In India the demand for gold is always high, and also it is not going to come down, with raising demand and limited supply the price can only go up, so gold is good investment. For gold investment there is no Tax. So I suggest u all to invest gold. Just 13% is in Investment around the world.
Gold usage around the world:
70% of gold are converted as jewels and 11% gold is using for medical and electronic and just 13% is in Investment around the world.