Approximately, 20-25 % of global production is consumed in India. By volume, the country imports about 700 tonnes a year, accounting for over a 5th of world jewellery fabrication. The value of import is approximately about 2.6 lakh crore.
India’s gold mining industry is very small so almost all of its consumption is imported from other country. The major use of gold is for jewellery and other ornamental uses. Gold is also seen as a storehouse of value and the most demand in India comes from marriages in india