Indian Gold Book:Indian Gold Book - Gold Bars Worldwide
Indian Gold Book:Indian Gold Book - Gold Bars Worldwide
Indian Gold Book:Indian Gold Book - Gold Bars Worldwide
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
GOLD REFINERS<br />
SMALL REFINERS<br />
There are more than 10,000 small refining units in cities, towns and villages throughout India.<br />
Most are extremely small, refining less than 1 kg (many less than 50 g) daily. Many units comprise only 2 workers. Most<br />
would also refine silver.<br />
Many small units in towns and villages service less than 5 jewellery retailers.<br />
In major cities, where there are larger units, the ratio of retailers to small refiners appears to be less. Informal trade<br />
estimates suggest that there are more than 50 units in Greater Mumbai, New Delhi, Kolkata and Bangalore. An estimate for<br />
the State of Kerala was 500, and for Tamil Nadu 1,000.<br />
Many jewellery fabricators and retailers also undertake their own refining in-house.<br />
An organised refiner in Mumbai – receiving old gold scrap.<br />
Most refining is undertaken by thousands of small refiners located in cities, towns and villages.<br />
AN INTRODUCTION TO THE INDIAN GOLD MARKET 81
Change language