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POSTED ON July 31, 2017  - POSTED IN Key Gold Headlines

Gold makes up an integral part of the economy of India in general, but for Indian women, it often serves as an economic lifeline.

Indians have a love affair with gold. The country ranks as the second largest consumer of the yellow metal in the world. It’s not just a luxury. Even the poor buy gold in India. The yellow metal is interwoven into the country’s marriage ceremonies, and cultural and religious rites. Indians also value gold as a store of wealth, especially in poor rural regions. Two-thirds of India’s gold demand comes from these areas, where the vast majority of people live outside the official tax system.

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