India is the Worlds Biggest Buyer of Gold – 7PM Discussion

Gold
India is the Worlds Biggest Buyer of Gold – 7PM Discussion

Gold has been widely used throughout the world as money, for efficient indirect exchange (versus barter), and to store wealth in hoards. For exchange purposes, mints produce standardized gold bullion coins, bars and other units of fixed weight and purity. Gold use in India, the world’s biggest buyer. It is not a new thing to find gold in every part of Indian lives. From the past many centuries, Indians have made gold as an integral part of their lives. Gold is clearly visible in every part of India life despite the very high price of gold. Gold is believed as symbol of good luck and prosperity and therefore we can easily find gold in every house Indian life. In Indian culture, women and gold have remained more near to each other and this tradition is very old and still continuing.

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