Originally posted by LearningToFly Who says Indians hold 25% of the gold reserve? I think our reserve is not more than 5%.

Look around yourself. Even women from poor families wear lot of gold jewellery. But people in western countries wear only less jewellery. You may be talking about Govt's gold reserves.

Originally posted by LearningToFly Dude, tracking Gold is very easy. Include the reserve and gold held by citizens in India and the share doesn't go beyond 10% maximum. USA has the biggest share of Gold with almost 70%. Originally posted by jamesvaikom Originally posted by LearningToFly Who says Indians hold 25% of the gold reserve? I think our reserve is not more than 5%. Look around yourself. Even women from poor families wear lot of gold jewellery. But people in western countries wear only less jewellery. You may be talking about Govt's gold reserves.

At the end of the year 2011, it is estimated that private Indian households hold more than 18,000 tonnes of gold valued at over $950 Billion US Dollars.
http://en.wikipedia.org/wiki/Gold_reserve

Golds share of nations Forex reserve of US is 76.6%. This means they have only less foreign currency reserves. India keep on importing gold every year. This means that gold held by Indians keep on increasing.