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Papli
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The Shape & Future of Indian Gold Demand – Part 1/2

- Julian D. W. Phillips - Gold forecaster

Julian, the profession of the gold smith is perhaps the only one in India that sons don't mind stepping into without fuss. A goldsmith's son in almost 100% cases willingly adopts his father's profession, what ever be his field of qualification. Whether this is out of compulsion or lure I leave it to your judgment.

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Beginning of the headline :The survey report notes that Indians own 20,000 tonnes of gold worth $1 trillion. Household gold consumption appears to have gone up to $45 billion in 2011 from $19 billion in 2009. To put things in perspective, India's gross domestic product (GDP) is inching closer to $2 trillion. This means, the value of gold held by Indians comprises nearly half of the country's GDP... Read More

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