India is number one in world in accumulating the yellow metal, gold. Out of the estimated total of 1,40,000 tons of gold available, its 32% is in India.

India produces about 2 tons of gold annually from its 30 gold mines. It imports about 800 to 900 tons every year. Indian household is estimated to have 18,000 tons of gold. One year new demand for gold in India is estimated to be 1,000 to 1,200 tons. These are the information from Study report of World Gold Council.

The Indian greed for the yellow metal has no parallel in the world. Even after the gold price has rocketed without any limit, there is no limit to the demand also. (Courtsey : Bank Workers Forum)