Social Sciences, asked by smrutirekhajhuna, 26 days ago

Why is India a big consumer of gold?

Answers

Answered by SourabhY1

Answer:

because india mines the mist gold minerals

Answered by afsana620ali

Explanation:

MUMBAI: India regained its top position from China as the biggest overall consumer of gold in the first nine months this year with a total consumption of 642 tonnes, a survey said.

China is trailing by just 63 tonnes at total consumption of 579 tonnes in the first nine months, according to GFMS Gold Survey Q3 2015 Review and Outlook.

In India, jewellery consumption increased by 5 per cent year-on-year to an estimated 193 tonnes in Q3 2015, the highest quarterly consumption since Q1 2011 and the highest third quarter demand since 2008, the report published by Thomson Reuters

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