India by every day is becoming more and more of a global gold juggernaut. India's gold demand is rising more than any other country over the past 10 years. This is largely due to vast increases in consumer gold demand from India's ever growing population at now over 1.1 billion, second only to China.India is now the largest consumer of gold who would have figured that. Gold is a very popular precious metal just about all over but in India gold is even more important than anywhere else.
India's consumer need is so high because gold playing a big part in Indian society, gold is a top present to give to children and relatives for weddings and other special events. Jewelry need in India went up 35% in the 4th quarter in 2012 from 2011 alone. The gold rate in India shows no look of slowing down, experts think the gold demand will continue to rise. There was an act to increase the gold tax in India although that has since fallen through and gold remains just as accessible as before still in the country.
This heightened consumer demand put together with increased demand on investing in gold creates a better time than ever to start investing in gold. India's people are growing faster than any other major, so gold shows no signs of slowing down, the rate can only continue to rise like it always has for the past decades, it would be wise to buy gold now while the rates remain so low around the world. There is almost no risk involved with buying gold, and gold has the absolute best liquidity when you need to get money so check out the gold rate in India and buy some gold now!