Availability

Gold is available in all contintents in the world, except, Antarctica .But in many places it is available in small quantities, and hence , excavation is not profitable. So, it is unearthed in some parts of the world only. Perhaps, Africa produces largest amount of gold in the world. Its share in gold production is, 72%.

It is estimated that, it is possible to unearth about 38000 tonnes of gold yet, in the world, as per calaculations made on the basis of available quantum of gold en ore.So far, since the begining , about 1,47,000 tonnes of gold has been excavated in the world.Out of this, more than 60% has been dug out in the past 60 years(Since 1950) The remaining AVAILABLE QUANTITY OF GLOD COULD BE EXTRACTED IN THE NEXT 15 YEARS..But, unlike other matals, gold will be always available. That means, it withstands the test of time without getting rust or any such thing. In this sense, gold is an 'immortal ' metal.other metals can hardly be brought to market, after the first use. But, gold bears thet chat character. That means, it has 're-sale value' better than any other metal or material. That makes gold more attractive, apart from its luxurious appearence.

production and sale

As per available information, annual production of gold in the world is 2500 tonnes per year.Taking 're used' gold into account, the total availability of gold comes to 3500 tonnes pr year.

TOP 10s

South Africa, Turkey, are the countries occupying first two places in gold production.The total production of gold by top 10 gold producing countries is 1861 tonnes..But top 10 purchasers of gold require 2300 tonnes of gold for their use!

    67% OF GOLD IS USED FOR ORNAMENTS.22 % IS USED FOR INVESTMENT PURPOSES. 7% is used ion electronic industries and 2%in dentistry.

The annual demand for gold is 3500 tonnes. out of this, 500 tonnes is used for investment.

THE 'GOLDY ' INDIA

iNDIA IS PERHAPS OCCUPYING THE FIRST PLACE INPURCHASING GOLD.While its gold production is just 0.3% , its annual consumtion is 650 tonnes.Indians own 10% of gold available in the world.According to a report, Indians own about 15,000 tonnes of gold.

   The 'World gold organisation' in its report, has stated that the demand for gold for ornamental purposes increased only by 3% in 5 years, i.e. between2003 and 2008., while, demand for investment purposes has raised by 23%.this shows that gold is concidered as  ' a store of value'

      Jewellery is an art, nourished by many countries like Greek, United Kingdom, India etc.Indian jewelley has a different type of aesthetic sense, which could be read in another hub  'Indian jewels-a blend of beauty and aesthetics' by this same hubber.