Indian Gold Book:Indian Gold Book - Gold Bars Worldwide

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GOLD SUPPLY AND DEMAND TOTAL GOLD IMPORTS Includes gold imported for jewellery exporters 1990 - 2001 Year For For Grand domestic jewellery Total gold exporters usage 1990 176 11 187 1991 155 17 172 1992 262 18 280 1993 239 24 263 1994 296 25 321 1995 384 23 407 1996 408 29 437 1997 642 24 666 1998 688 35 723 1999 651 49 700 2000 673 54 727 2001 672 54 726 Total 5,246 363 5,609 Table source: Grendon International Research Sources. Total for domestic usage: taken from table “Net new gold supply”. For jewellery exporters: from various sources. 1990-1992: WGC. 1993- 1997: derived from GJEPC financial year (April-March) rupee statistics. 1998-2001: uses GJEPC financial year kilogramme statistics. Since 1990, gross imports (including imports for jewellery exporters) have increased from 187 tonnes to 726 tonnes. The import of gold for re-export as jewellery has grown from 11 tonnes to 54 tonnes. 174 AN INTRODUCTION TO THE INDIAN GOLD MARKET
GOLD SUPPLY AND DEMAND INDICATIVE ABOVE GROUND GOLD STOCKS Based on estimated gold imports since 1831 Years Category Tonnes 1831 – 1931 Net imports 3,700 1832 – 1940 Net exports (1,400) Stock at end of 1940 2,300 1941 – 1950 Net imports * 311 1951 – 1957 Unofficial imports 653 Stock at end of 1957 ** 3,264 1958 – 1963 Unofficial imports 520 1964 – 1967 Unofficial imports 720 1968 – 1973 Unofficial imports 750 1974 – 1978 Unofficial imports 210 1979 Unofficial imports 11 1980 Unofficial exports (9) Stock at end of 1980 5,466 1981 – 1985 Unofficial imports 381 1986 – 1990 Unofficial imports 520 Stock at end of 1989 6,367 1990 – 1994 Official imports and other sources 1,137 1995 – 1999 Official imports and other sources 2,787 2000 – 2001 Official imports and other sources 1,362 Table source: Grendon International Research Stock at end of 2001 11,653 Including official gold reserves 12,011 of 358 tonnes at end 2001 Sources: * 1831 – 1957: ** Reserve Bank of India Bulletin, April 1958. 1958-1980: Estimates by Mr Shantilal Sonawala, former President of Bombay Bullion Association. 1981-1989: Gold Fields Mineral Services Ltd (GFMS). Stocks at the end of 2001 are recorded at approximately 12,000 tonnes. 45% of the stock (5,300 tonnes) has been acquired since 1990. The 181 million families in India hold an average of 64 grammes of fine gold (around 85 grammes of carat gold). As 26% of the population is below the poverty line, the top 50% would obviously hold substantially more than the average. At least 90% appears to be held as gold jewellery. Anecdotal evidence (at this time) suggests that around 5% may be held in the form of coins and bars. The net accumulation of coins and bars is considered low because much has been converted into jewellery. In addition, it was illegal to fabricate coins or own bars during the Gold (Control) Act period. Some Indian analysts believe that historical estimates of the amount of gold imported into India may be understated. AN INTRODUCTION TO THE INDIAN GOLD MARKET 175
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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
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BULK DELIVERY OF OFFICIAL GOLD IMPO
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PERSPECTIVE INDIA The gold jeweller
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GOLD JEWELLERY PRODUCTS Handmade je
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REGIONAL JEWELLERY STYLES KOLKATA K
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REGIONAL JEWELLERY STYLES AHMEDABAD
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REGIONAL JEWELLERY STYLES SWAMI JEW
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JEWELLERY FABRICATORS All centres,
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JEWELLERY FABRICATORS JEWELLERY WHO
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TRADITIONAL JEWELLERY RETAILERS Sta
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TRADITIONAL JEWELLERY RETAILERS Coi
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TRADITIONAL JEWELLERY RETAILERS ANT
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TRADITIONAL JEWELLERY RETAILERS Man
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ADORNMENT DIMENSION Gold jewellery
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GOLD JEWELLERY CONSUMERS MARRIAGES
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GOLD JEWELLERY CONSUMERS Among larg
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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 and 144: Plain gold jewellery Location US$ m
Page 145 and 146: INDUSTRIAL GOLD USAGE Since the rep
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: GOLD SUPPLY AND DEMAND INDICATIVE G
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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Indian Gold Book:Indian Gold Book - Gold Bars Worldwide

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