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
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INDUSTRIAL GOLD USAGE<br />
INDICATIVE INDUSTRIAL GOLD USAGE 1990 – 2001<br />
Category Tonnes<br />
1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001<br />
Decorative<br />
- <strong>Gold</strong> plating 0.7 2.0 3.0 4.5 4.0 3.5 3.5 4.0 5.0 15.0 18.0 30.0<br />
- Zari crafts 0.4 1.5 2.0 12.0 12.0 10.0 12.0 10.0 9.0 8.0 8.0 6.0<br />
- Foils - - - 0.2 0.3 0.5 0.5 0.5 1.0 1.0 1.0 1.0<br />
Sub- total 1.1 3.5 5.0 16.7 16.3 14.0 16.0 14.5 15.0 24.0 27.0 37.0<br />
Medical 0.2 0.2 0.3 1.0 1.0 2.0 2.0 2.0 2.0 3.0 4.0 5.0<br />
Electronic 0.2 0.5 0.5 1.0 1.0 1.0 1.0 1.0 1.2 1.2 1.0 1.0<br />
Total 1.5 4.2 5.8 18.7 18.3 17.0 19.0 17.5 18.2 28.2 32.0 43.0<br />
Sources: 1990: <strong>Gold</strong> (Control) Act statistics. 1991-2001: Based on statistics compiled by Madhusudan Daga.<br />
<strong>Gold</strong> plating (70%), Zari crafts (14%) and ayurvedic medicines (12%) account for the bulk of industrial gold<br />
usage.<br />
144<br />
Source: http://travel.indiamart.com<br />
Zari crafts are reported to have absorbed 6 tonnes of gold in 2001.<br />
AN INTRODUCTION TO THE INDIAN GOLD MARKET