India Gold Reserve: The lustrous metal, referred to as gold, has over the years been one of the dependable investments, not only in India, but the world at large. In the global market, Indian women rank first in the purchase of gold jewelry and, for them, gold is more than just an ornament, it is a mode of savings and investment. But do you understand where the majority of India’s gold is stored?

Gold Assets: Who Owns the Gold Reserves of India?

Certainly, India is a key actor on the gold market being the largest consuming nation of gold, as well as owning significant gold reserves. But, can you tell me which of the Indian states has the largest concentration of gold reserves. Based on statistics, almost 80 percent of the gold output in India is generated out of Karnataka. Hutti Gold Mine of Karnataka is the only active primary gold mine in the country where most of the gold is produced.

Gold Reserves by State

India’s gold field is even larger considering that Bihar accounts for roughly 44 percent of the national gold reserves after Karnataka; Rajasthan comes in with 25 percent. The economy of a country is majorly influenced by these states and they are able to accelerate the growth of a nation

India's Gold Reserves

Among the fore-most economies ranked by global gold reserves it can be seen that the US holds the most gold. There is an estimate of around 8 thousand and one hundred tons valued over a business conglomerate of over 45 Lakhs Crore of Rupees. The US’s overwhelming market power is aided greatly by the nation’s superb amount of gold reserves. It also proves that gold is still recognized by the international economy as one of the key and most assured resources.

The role of gold in the government is also equally important though. It is included in the total amount of foreign currency balances and it is used whenever there is a critical situation in the economy.

Why Gold as an Investment?

A safe investment option throughout history has been gold. This is because the value of the product does not tend to dwindle during slump periods in the economy. From jewelry to bullion, gold is always viewed as a safe and good investment.