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Indian Gold Book:Indian Gold Book - Gold Bars Worldwide

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STATISTICAL TABLES AND APPENDICES ..............................................................................................................8<br />

ACKNOWLEDGEMENTS ........................................................................................................................................11<br />

CHAPTERS<br />

AN INTRODUCTION TO THE INDIAN GOLD MARKET<br />

TABLE OF CONTENTS<br />

1. SUMMARY AND POSITIVE FINDINGS ..........................................................................................................14<br />

2. ROLE OF INDIAN GOVERNMENT ..................................................................................................................24<br />

3. ORIENTATION ................................................................................................................................................36<br />

4. GOLD BULLION<br />

Imported gold bars ............................................................................................................................................51<br />

Bullion importers ..............................................................................................................................................58<br />

Banks ..............................................................................................................................................................60<br />

<strong>Gold</strong> Deposit Scheme ........................................................................................................................................68<br />

Public Sector Undertakings ................................................................................................................................72<br />

Non-Resident <strong>Indian</strong> (NRI) <strong>Gold</strong> Import Scheme ..................................................................................................76<br />

Bullion dealers ..................................................................................................................................................78<br />

<strong>Gold</strong> refiners ......................................................................................................................................................80<br />

Coin fabricators ..................................................................................................................................................82<br />

Bar hoarding ....................................................................................................................................................86<br />

Bulk delivery of official gold imports ....................................................................................................................88<br />

5. GOLD JEWELLERY<br />

Perspective ........................................................................................................................................................93<br />

<strong>Gold</strong> jewellery products ......................................................................................................................................94<br />

Jewellery fabricators ........................................................................................................................................102<br />

Traditional jewellery retailers ............................................................................................................................106<br />

<strong>Gold</strong> jewellery consumers ................................................................................................................................114<br />

Branded jewellery retail chains ..........................................................................................................................128<br />

Hallmarking ....................................................................................................................................................132<br />

<strong>Gold</strong> jewellery exports ......................................................................................................................................136<br />

6. INDUSTRIAL GOLD USAGE ..........................................................................................................................142<br />

7. MUMBAI GOLD PRICES ................................................................................................................................146<br />

8. PRICING AND PROFITABILITY ....................................................................................................................152<br />

9. GOLD MINING AND EXPLORATION ............................................................................................................162<br />

10. GOLD SUPPLY AND DEMAND ......................................................................................................................166<br />

SUPPLEMENTARY SECTIONS<br />

World <strong>Gold</strong> Council ................................................................................................................................................177<br />

Communication ......................................................................................................................................................184<br />

Bibliography............................................................................................................................................................189<br />

About Virtual Metals Research & Consulting Ltd ........................................................................................................190<br />

About Grendon International Research Pty Ltd ..........................................................................................................191<br />

6<br />

AN INTRODUCTION TO THE INDIAN GOLD MARKET

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