Date:10/10/2005 URL: http://www.thehindubusinessline.com/2005/10/10/stories/2005101000731500.htm

Back Dearer glow

K.K. Mustafah

Goldsmiths at work at a manufacturing unit in Thrissur. Gold prices in the State range between Rs 615 and Rs 620 a gram. Due to high prices and the lean season, jewellery sales in the State have dropped significantly. The country imports 600 tonnes of gold every year. Studies conducted by the World Gold Council show that families in India possess 15,000 tonnes of gold, which is 10 per cent of the world gold stock.