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| Indian Precious Metals demand has always been
very active especially Gold and Silver as Indian's are known
worldwide for their love for Gold, be it simply Bars or Ornaments
or Coins. This has been the case ever since Gold was first discovered
or introduced into India. Kings & Emperors have been known
to stock Gold and the Nizam of Hyderabad's treasure most of
which was "taken & auctioned" would have in todays
terms been able to wipe out the entire external debt of our
country had it all still been in India. Jewellery Exports is
a major revenue earner for India today and all types of precious
Metals, Gems and Diamonds are today imported into the country
and some even re-exported after re-processing or cutting. |
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| There are three important gold mines in the country,
Kolar Gold Field & Hutti Gold Field in Karnataka and Ramagiri
Gold Field in Andhra Pradesh. Total gold metal ore reserves
are estimated at 177.9 lakh tonnes, with 68 tonnes of metal. |
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