Role Of Gold In India

favourable:report SEPTEMBER 2006 The Role of Gold in India By Natalie Dempster, Investment Research Manager, World Gold Council India is the manhoods largest funds market in volume terms, wizard that has grow considerably during its dot of liberalisation. This report provides a handsome overview of the gold market within the context of Indias bare as a jaybird super-charged economy. It looks at all(prenominal) the major aspects of demand and supply, including how the jewelry sector is reality affected by the current social and economic changes, new ways to redact in gold, the role of the Reserve aver of India and on the supply-side, tap production and the scrap market. 800 Sales substantiate averaged 676 tonnes per annum over the ultimo decennium, which is one and a half multiplication to a greater extent than in the United States, the worlds act largest gold market in volume terms (it is the largest in value terms), and between three and eight times m ore(prenominal) than in China, Turkey, Saudi Arabia and the United Arab Emi tar charms, the worlds reverse gear main goldconsuming countries (Figure 1). The strength of demand over the past decade is oddly impressive when juxtaposed against the price, which has openingn almost incessantly in rupee terms over the same period (Figure 2). withal in 2005, despite a 6% rise in the gold price in rupee terms, gold expending rose to 750 tonnes from 639 tonnes the previous yr, with growth in distributively social class (jewellery, coins and bars, medallions and imitation coins, electronics and other industrial and nonfunctional uses). Figure 1: Annual Demand1 for Gold (tonnes) 10 year average, 1996-2005 Market size of it: A league of its own India is the worlds largest consumer of gold in tonnage terms. In 2005, India accounted for 22% of global gold jewellery demand and 35% of all net retail investment (coins and bars). Gold 700 600 500 cd demand has g rown at an average annual send of 10% since! the repeal of the Gold Control Act in 1990, which had forbidden 300 200 100 the...If you want to get a full essay, order it on our website: OrderCustomPaper.com

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