5 thoughts on “Why do Indians have a particularly large demand for jewelry?”
Charlene
In India, gold is very popular. Earlier, India has always been the largest consumer country in the world. In order to curb the purchase of gold, the government has to increase taxes on overseas gold. Even if the government taxes, Indian gold demand is still very popular this year. Data show that India's gold imports reached 521 tons in the first half of 2017, exceeding the import volume of 510 tons of 2016. The changes in India's demand for gold have a significant impact on the trend of international gold prices. So why do Indias prefer gold? Next, we look at the truth through three pictures. . Indians worship gold, wearing gold Indians worship gold. They think that having gold is worth showing off. They also use gold for blessings and prayers. It can be said that Indians are very obsessed with gold. of. In India, from holidays to weddings, we can see the shadow of gold everywhere. Let's take a look at the gold jewelry worn by the Indians. . Gold is the essential product in the wedding In the report released by the World Gold Association, the association predicts that India's gold demand in 2017 will reach about 650-750 tons. The biggest use of Indians to buy gold is for weddings. Each year, more than half of gold jewelry, gold bars and gold coins are used for 8 million to 10 million weddings. . The south of India loves gold. In regional point of view, southern India prefers gold. Among them, the south occupies a 40%share of the gold market, which exceeds the sum of the east and northern parts of India, while the western India occupies the second place in the share, accounting for 25%of the gold purchasing volume. The gold shops in India are very common. Indians can buy most of the gold jewelry in many small shops. . Gold is still the relic of religious beliefs Indians prefer gold, which is largely related to religious preferences. Gold in India is considered to be religious relics and is favored by people with religious beliefs in India. The ancient temples of the Indian Temple in Karara are very representative temples that Indian religion advocate gold. . Gold is the first choice for Indian wealth storage In 2011, an Indian investigation team opened several hidden vaults. Gold coins in history. The total value of all treasures is about $ 15 billion. Analysts pointed out that Indians have a long time to store gold. Storage of gold is the most important means for their storage of wealth. Instead of participating in the stock market, real estate or other assets, Indians are more inclined to use money to buy gold.
In India, gold is very popular. Earlier, India has always been the largest consumer country in the world. In order to curb the purchase of gold, the government has to increase taxes on overseas gold.
Even if the government taxes, Indian gold demand is still very popular this year. Data show that India's gold imports reached 521 tons in the first half of 2017, exceeding the import volume of 510 tons of 2016. The changes in India's demand for gold have a significant impact on the trend of international gold prices.
So why do Indias prefer gold? Next, we look at the truth through three pictures.
. Indians worship gold, wearing gold
Indians worship gold. They think that having gold is worth showing off. They also use gold for blessings and prayers. It can be said that Indians are very obsessed with gold. of.
In India, from holidays to weddings, we can see the shadow of gold everywhere. Let's take a look at the gold jewelry worn by the Indians.
. Gold is the essential product in the wedding
In the report released by the World Gold Association, the association predicts that India's gold demand in 2017 will reach about 650-750 tons.
The biggest use of Indians to buy gold is for weddings. Each year, more than half of gold jewelry, gold bars and gold coins are used for 8 million to 10 million weddings.
. The south of India loves gold.
In regional point of view, southern India prefers gold. Among them, the south occupies a 40%share of the gold market, which exceeds the sum of the east and northern parts of India, while the western India occupies the second place in the share, accounting for 25%of the gold purchasing volume.
The gold shops in India are very common. Indians can buy most of the gold jewelry in many small shops.
. Gold is still the relic of religious beliefs
Indians prefer gold, which is largely related to religious preferences. Gold in India is considered to be religious relics and is favored by people with religious beliefs in India.
The ancient temples of the Indian Temple in Karara are very representative temples that Indian religion advocate gold.
. Gold is the first choice for Indian wealth storage
In 2011, an Indian investigation team opened several hidden vaults. Gold coins in history. The total value of all treasures is about $ 15 billion.
Analysts pointed out that Indians have a long time to store gold. Storage of gold is the most important means for their storage of wealth. Instead of participating in the stock market, real estate or other assets, Indians are more inclined to use money to buy gold.
Worshiping gold and like to wear gold. When they get married, women need to configure a full set of gold jewelry.
Because the Indians advocate jewelry, there are generally some jewelry of the rich and the poor.
Indians prefer jewelry and believe that jewelry is a symbol of identity and status.
Because Indians advocate jewelry, jewelry is a symbol of wealth in their culture.