Indian women and gold
Indian women's affinity for gold is well-known, and it's estimated that they own around 24,000 tons of gold, which is approximately 800 million ounces. To put this into perspective, the World Gold Council estimates that all the gold ever mined totals around 187,200 tons ¹. The significance of gold in Indian culture, particularly among women, cannot be overstated. Gold is not only a symbol of wealth and prosperity but also an essential part of various rituals and ceremonies. Indian women often receive gold jewelry as gifts during weddings, festivals, and other special occasions. The sheer volume of gold owned by Indian women is a testament to the country's love affair with the precious metal. In fact, India is one of the largest consumers of gold in the world, with a significant portion of its gold demand coming from rural areas where gold is often used as a store of value and a symbol of social status.