| (Rounded Figures) | India (In Tons) | World (In Tons) | % Share |
| Total Stocks | 13000 | 145000 | 9 |
| Central Bank holding | 400 | 28000 | 1.4 |
| Annual Production | 2 | 2600 | 0.08 |
| Annual Recycling | 100-300 | 1100-1200 | 13 |
| Annual Demand | 800 | 3700 | 22 |
| Annual Imports | 600 | ||
| Annual Exports | 60 |
Indian Gold Market
- Gold is valued in India as a savings and investment vehicle and is the second preferred investment after bank deposits.
- India is the world's largest consumer of gold in jewellery as investment.
- In July 1997 the RBI authorized the commercial banks to import gold for sale or loan to jewellers and exporters. At present, 13 banks are active in the import of gold.
- This reduced the disparity between international and domestic prices of gold from 57 percent during 1986 to 1991 to 8.5 percent in 2001.
- The gold hoarding tendency is well ingrained in Indian society.
- Domestic consumption is dictated by monsoon, harvest and marriage season. Indian jewellery offtake is sensitive to price increases and even more so to volatility.
- In the cities gold is facing competition from the stock market and a wide range of consumer goods.
- Facilities for refining, assaying, making them into standard bars in India, as compared to the rest of the world, are insignificant, both qualitatively and quantitatively.
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