According to the World Gold Council, an estimated 22,000-23,000 tonnes of gold is lying idle with households and institutions in India. The annual imports amount to around 850-1,000 tonnes valued at $35-$45 billion.
NewsGram is a Chicago, US-based nonprofit media organization, approved by IRS as a tax exempt 501 (c) (3) entity. We are a public funded media committed to provide news and analyses in an objective and non partisan manner. Editor-in-Chief: Dr. Munish Kumar Raizada