India’s Fascination with Gold

2024 • 3min • National


Gold prices in India hit a record high of around 75,000 rupees per 10 grams in retail market. India is the world's second biggest gold consumer after China. We import between 800 and 900 tons of gold every year. Gold is traditionally considered as a safeguard against inflation and other exigencies. Why are Indians obsessed with the yellow metal?