Gold worth $267 bn has been bought by Indians over 10 years: Kotak Equities

India is the world's second biggest consumer of gold after China and three-quarters of the net imported gold into the country is bought by retail buyers for jewellery.Over the last 10 years, gold worth US $267 billion (Rs. 18 lakh crore at 68 rupees per US dollar) has been bought by Indians, according to Kotak Equities. This excludes the gold which is imported for re-export. Read More