Gold has been a valuable and highly sought-after precious metal for coinage, jewelry, and other arts since long before the beginning of recorded history. Gold standards have been the most common basis for monetary policies throughout human history, being widely supplanted by fiat currency only in the late 20th century.
India is the world’s largest single consumer of gold, as Indians buy about 25% of the world’s gold, purchasing approximately 850 tonnes of gold every year, mostly for jewelry. India is also the largest importer of gold.
Gold Rate in India as on
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