Indian hold the largest stock of gold in the world - 18000 Tonnes

India's a key driver of global gold demand Holds (Indians hold 18000 Tonnes of Gold)

(Again Become Sone kee Chidia)

According to World Gold Council - Indian households hold 18000 tonnes of gold (Indian hold the largest stock of gold in the world )

In gold terms, India is a market with significant scale. In 2010, total annual consumer demand reached 963.1 tonnes. As seen in the last decade, Indian demand for gold will be driven by savings and real income levels, not by price.

Ajay Mitra, Managing Director, India and the Middle East, World Gold Council, said: "The rise of India as an economic power will continue to have gold at its heart. India already occupies a unique position in the world gold market and, as private wealth in India surges over the next ten years, so will Indian demand for gold".

At more than 18,000 tonnes, Indian households hold the largest stock of gold in the world.


* Gold purchases in India accounted for 32% of the global total in 2010
* The CMIE forecasts that India's annual real GDP will grow at over 10% from 2010-15, before slowing to an average rate of around 8.4% until 2020
* The vast majority of the Indian population (70%) live in villages, which have traditionally formed the source of more than two thirds of Indian gold demand
* This sector has been growing at less than 1% per annum.

For  Details news see - http://www.commodityonline.com/news/Indian-households-hold-18000-tonnes-of-gold-37849-3-1.html