Domestic Gold Reserves

India’s domestic gold reserves, one of the largest in the world, are 3 times greater than our own Federal Reserve topping more than 1000 MT of domestic consumption per annum and is growing at 5% per annum. 80% of the Gold (22 Kt) thus consumed are used for Jewellery Fabrication. India’s rural agricultural community still sees Gold as an informal barter economy. Indian consumer is often a victim of irregular metal quality. m