Indian Gold Book:Indian Gold Book - Gold Bars Worldwide

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142 Gold plating Zari thread Ayurvedic medicines CONTENTS Indicative industrial gold usage 1990 – 2001 Appendix Imitation gold jewellery CHAPTER 6 INDUSTRIAL GOLD USAGE A retailer of silver and imitation gold jewellery in Kosi Kalan (Uttar Pradesh). There are thousands of similar outlets serving the low income populations in rural and urban areas. AN INTRODUCTION TO THE INDIAN GOLD MARKET
INDUSTRIAL GOLD USAGE Since the repeal of the Gold (Control) Act, industrial gold usage is reported to have grown to more than 40 tonnes, due mainly to a surge in the fabrication of gold plating products and the widespread use of gold for plating purposes. There are 3 important categories: • Gold plating • Zari thread • Ayurvedic medicines Monitoring industrial gold usage in India, where the market is so fragmented, is no easy task. The statistics rely on the indicative estimates of Madhusudan Daga. GOLD PLATING The gold plating of silver and other metals and materials is a “cottage industry” throughout India. The category includes the use of gold for plating cutlery, dinner sets, tea sets, plates, bowls, tumblers, trays and other utensils, as well as gold plated decorative ornaments, watch cases and straps, inkpots and pens, optical frames, mirrors and glass. It also includes electroplated gold items and imitation gold jewellery. The fabrication of imitation gold jewellery has grown significantly. Increased consumer demand is attributed to its low price (relative to real gold), improved product quality, new fashionable designs and rising levels of crime in major cities. ZARI THREAD India is renowned for its decorative golden Zari thread. It can be woven into materials for sarees, suits, sashes, blouses, ceremonial cloths and many other embroidered items. The craft has been practised for thousands of years. Zari is a Hindu word for a metallic thread. Most Zari thread and materials are made by hand in west and north India: Gujarat Surat Uttar Pradesh Bareilly, Varanasi, Agra Rajasthan Jaipur, Barmer Surat is the most important fabrication centre. The most important export markets for Zari products are the USA (accounting for 20% of exports), UK (17%) and Japan (10%). AYURVEDIC MEDICINES Although gold is incorporated in less than 1% of ayurvedic medicines consumed, around 5 tonnes of gold is now reported to be swallowed in tablet or powder form each year by millions of Indians. About 50% of gold consumption is for ‘rejuvenation’ purposes, especially during the winter months. There are more than 20 commonly used ‘rejuvenation’ brands. For example, Brihat Vatchintamani Ras, Vasant Kusumar Ras and Suvarna Malini Vasant. A typical daily dose would include 1 – 2 mg of gold within a mixture of herbs. Gold is also widely used for the treatment of many illnesses, including rheumatoid arthritis, osteoarthritis, tuberculosis, schizophrenia, epilepsy, colitis, heart disease, neurological disorders, malabsorption syndromes and complications associated with diabetes. Traditional ayurvedic medicines, known for more than 3,000 years, are recorded in 3 classical treatises: Charak, Sushrut and Vaghbhatta. The term incorporates the Sanskrit words ‘ayu’ (life) and ‘veda’ (knowledge). The widespread use of gold dates back to around 600 AD when a chemist, Nagarjuna, pioneered the medical use of metals and minerals. AN INTRODUCTION TO THE INDIAN GOLD MARKET 143
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AN INTRODUCTION TO THE INDIAN GOLD
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INDUSTRY SUPPORT MAJOR SPONSOR CORP
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PREFACE An Introduction to the Indi
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ACKNOWLEDGEMENTS GIR FIELDTRIPS GIR
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Raman Jethi Ramchand Popley Ramesh
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SUMMARY AND POSITIVE FINDINGS BACKG
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SUMMARY AND POSITIVE FINDINGS To ma
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SUMMARY AND POSITIVE FINDINGS The a
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SUMMARY AND POSITIVE FINDINGS POSIT
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SUMMARY AND POSITIVE FINDINGS INDUS
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ROLE OF INDIAN GOVERNMENT The India
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ROLE OF INDIAN GOVERNMENT The Depar
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ROLE OF INDIAN GOVERNMENT OFFICIAL
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ROLE OF INDIAN GOVERNMENT In summar
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ROLE OF INDIAN GOVERNMENT GOLD CONT
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ROLE OF INDIAN GOVERNMENT LICENSED
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MAP OF INDIA There are 28 States, 6
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POPULATION URBAN AND RURAL State Mi
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POPULATION HOUSEHOLDS - SPLIT BY SO
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ECONOMIC INDICES STATES - INDICATIV
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AGRICULTURE VALUE OF AGRICULTURAL O
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AGRICULTURE MAJOR CROPS - NORMAL AR
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MONSOONS PERFORMANCE OF SOUTH WEST
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IMPORTED GOLD BARS The 10 tola bar
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IMPORTED GOLD BARS 10 TOLA BARS AGR
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IMPORTED GOLD BARS GOLD WEIGHT CONV
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The fine gold content of a London G
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BULLION IMPORTERS UNOFFICIAL IMPORT
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BANKS IMPORTED BULLION PRODUCTS Ban
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WHOLESALING TO DOMESTIC BULLION DEA
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BANKS BACKGROUND INFORMATION ON BAN
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BANKS GOLD CELL BRANCHES Region/Sta
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GOLD DEPOSIT SCHEME DISTRIBUTION Th
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GOLD DEPOSIT SCHEME The State Bank
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PUBLIC SECTOR UNDERTAKINGS BRANCHES
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Region/State City MMTC HHEC STC PEC
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NON-RESIDENT INDIAN (NRI) GOLD IMPO
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BULLION DEALERS A secondary tier bu
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GOLD REFINERS SMALL REFINERS There
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COIN FABRICATORS Corporate gifts Al
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COIN FABRICATORS A bullion dealer t
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BAR HOARDING Some trade entities in
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BULK DELIVERY OF OFFICIAL GOLD IMPO
Page 93 and 94: BULK DELIVERY OF OFFICIAL GOLD IMPO
Page 95 and 96: PERSPECTIVE INDIA The gold jeweller
Page 97 and 98: GOLD JEWELLERY PRODUCTS Handmade je
Page 99 and 100: REGIONAL JEWELLERY STYLES KOLKATA K
Page 101 and 102: REGIONAL JEWELLERY STYLES AHMEDABAD
Page 103 and 104: REGIONAL JEWELLERY STYLES SWAMI JEW
Page 105 and 106: JEWELLERY FABRICATORS All centres,
Page 107 and 108: JEWELLERY FABRICATORS JEWELLERY WHO
Page 109 and 110: TRADITIONAL JEWELLERY RETAILERS Sta
Page 111 and 112: TRADITIONAL JEWELLERY RETAILERS Coi
Page 113 and 114: TRADITIONAL JEWELLERY RETAILERS ANT
Page 115 and 116: TRADITIONAL JEWELLERY RETAILERS Man
Page 117 and 118: ADORNMENT DIMENSION Gold jewellery
Page 119 and 120: GOLD JEWELLERY CONSUMERS MARRIAGES
Page 121 and 122: GOLD JEWELLERY CONSUMERS Among larg
Page 123 and 124: GOLD JEWELLERY CONSUMERS RURAL VERS
Page 125 and 126: GOLD JEWELLERY CONSUMERS Gold jewel
Page 127 and 128: GOLD JEWELLERY CONSUMERS INDICATIVE
Page 129 and 130: LUNAR CALENDAR Mumbai (Maharashtra)
Page 131 and 132: BRANDED JEWELLERY RETAIL CHAINS DIS
Page 133 and 134: Region/State Gili Tanishq Carbon In
Page 135 and 136: HALLMARKS In accordance with BIS pr
Page 137 and 138: HALLMARKING Most jewellery in the W
Page 139 and 140: SOURCES OF GOLD BULLION Jewellery e
Page 141 and 142: Location US dollars in millions % S
Page 143: Plain gold jewellery Location US$ m
Page 147 and 148: INDUSTRIAL GOLD USAGE IMITATION GOL
Page 149 and 150: MUMBAI GOLD PRICES Indian gold pric
Page 151 and 152: MUMBAI GOLD PRICES INDICATIVE DIFFE
Page 153 and 154: MONTHLY 2000 - 2001 2000 MUMBAI LON
Page 155 and 156: PRICING AND PROFITABILITY Bank impo
Page 157 and 158: Recycling of old gold scrap and bar
Page 159 and 160: JEWELLERY WHOLESALERS Jewellery who
Page 161 and 162: Hallmarking charges The few hundred
Page 163 and 164: PRICING AND PROFITABILITY MINTED CO
Page 165 and 166: GOLD MINING AND EXPLORATION For 36
Page 167 and 168: Year Tonnes Year Tonnes 1970 3.241
Page 169 and 170: GOLD SUPPLY AND DEMAND Movements in
Page 171 and 172: GOLD SUPPLY AND DEMAND The trade at
Page 173 and 174: For the domestic market 1990 - 2001
Page 175 and 176: GOLD SUPPLY AND DEMAND INDICATIVE G
Page 177 and 178: GOLD SUPPLY AND DEMAND INDICATIVE A
Page 179 and 180: WORLD GOLD COUNCIL The World Gold C
Page 181 and 182: WORLD GOLD COUNCIL TRADITIONAL GOLD
Page 183 and 184: WORLD GOLD COUNCIL LOCAL FESTIVALS
Page 185 and 186: WORLD GOLD COUNCIL YOUNGER GENERATI
Page 187 and 188: Indian Overseas Bank Precious Metal
Page 189 and 190: REFINERS AND COIN FABRICATORS WEST
Page 191 and 192: BIBLIOGRAPHY Agricultural Statistic
Page 193 and 194: ABOUT GRENDON INTERNATIONAL RESEARC
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