Who is King of gold in India, gold is important for govt because…, best option for investment due to…

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India, being one of the largest consumers of gold, is also notable for its gold reserves.

Who is King of gold in India, gold is important for govt because…, best option for investment due to…

Indian Gold Reserve: The yellow glittery metal known as gold is not only a symbol of wealth and prosperity in India but also across the world. It has long been a reliable investment option for generations. Indian women are among the largest consumers of gold jewellery globally, and for them, gold represents more than just adornment—it’s a valuable medium for savings and investment. But do you know where India stores most of its gold?

The Owner of India’s Gold Reserves

Notably, India is one of the largest consumers of gold and it is also notable for its gold reserves. But, do you know which state has the highest gold reserves in India? According to reports, Karnataka has nearly 80 percent of India’s gold production. Karnataka’s Hutti Gold Mine is the country’s only active primary gold mine, where most of the gold is extracted.

Gold Reserves by State

After Karnataka, Bihar holds 44 percent of India’s total gold reserves. Rajasthan has 25 percent of the gold reserves. These states majorly contribute to the country’s economy and play a crucial role in its development.

Leading Global Gold Reserves

Globally, the United States leads in gold reserves, holding approx. 8,133 tons valued at more than 45 lakh crore rupees. This gold reserve plays a major role in building the US’s dominance in the global market. It also demonstrates the global economy’s reliance on gold as a stable and crucial asset.

Gold also plays a critical role for the government. It is part of the foreign exchange reserves and serves as a haven during economic crises.

Why Gold as an Investment?

Gold has historically been regarded as a reliable investment choice. Its value tends to stay stable during periods of economic instability. Whether as jewellery or in the form of bullion, gold is viewed as a safe and lucrative investment from all angles.

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