How to Reduce Gold Import
WAYS TO REDUCE GOLD
IMPORT
Ruchi Gupta gupta.ruchi93@gmail.com
What is gold?
CONTENT:-
Various uses of gold Relation between price of gold and other economic factors Importance of gold in India Why increase in demand of gold in India. Import of gold in India.
Negative effect of gold import on Indian economy.
Steps taken by government for reducing import.
Steps that should be taken by government to reduce import.
WHAT IS GOLD?
Gold is an element and a mineral. It is highly prized by people because of its attractive color, resistance to tarnish and its many special properties - some of which are unique to gold. Its rarity, usefulness and desirability make it command a high price. Trace amounts of gold are found almost everywhere but large deposits are found in only a few locations. Although there are about twenty different gold minerals all of them are quite rare.
VARIOUS USES OF GOLD: Jewelry:- Gold has been used to make ornamental objects and jewelry for thousands of years. About 78% of the gold consumed each year is used in the manufacture of jewelry. Financial Gold: Coinage, Bullion, Backing :-The gold used as a financial backing for currency was most often held in the form of gold bars, also known as "gold bullion". The use of gold bars allowed convenient handling and storage. Industrial use:- The most important industrial use of gold is in the manufacture of electronics. This includes: cell phones, calculators, personal digital assistants, global positioning system units and other small electronic devices. Gold is known to have been used in dentistry. Gold is used as a drug to treat a small number of medical conditions Gold is also used as a lubricant between mechanical parts. it is the metal associated with highest esteem and status.
RELATION BETWEEN PRICE OF GOLD AND OTHER ECONOMIC FACTORS:Gold is a leading economic indicator. The relationship between the price of gold and important economic
IMPORT
Ruchi Gupta gupta.ruchi93@gmail.com
What is gold?
CONTENT:-
Various uses of gold Relation between price of gold and other economic factors Importance of gold in India Why increase in demand of gold in India. Import of gold in India.
Negative effect of gold import on Indian economy.
Steps taken by government for reducing import.
Steps that should be taken by government to reduce import.
WHAT IS GOLD?
Gold is an element and a mineral. It is highly prized by people because of its attractive color, resistance to tarnish and its many special properties - some of which are unique to gold. Its rarity, usefulness and desirability make it command a high price. Trace amounts of gold are found almost everywhere but large deposits are found in only a few locations. Although there are about twenty different gold minerals all of them are quite rare.
VARIOUS USES OF GOLD: Jewelry:- Gold has been used to make ornamental objects and jewelry for thousands of years. About 78% of the gold consumed each year is used in the manufacture of jewelry. Financial Gold: Coinage, Bullion, Backing :-The gold used as a financial backing for currency was most often held in the form of gold bars, also known as "gold bullion". The use of gold bars allowed convenient handling and storage. Industrial use:- The most important industrial use of gold is in the manufacture of electronics. This includes: cell phones, calculators, personal digital assistants, global positioning system units and other small electronic devices. Gold is known to have been used in dentistry. Gold is used as a drug to treat a small number of medical conditions Gold is also used as a lubricant between mechanical parts. it is the metal associated with highest esteem and status.
RELATION BETWEEN PRICE OF GOLD AND OTHER ECONOMIC FACTORS:Gold is a leading economic indicator. The relationship between the price of gold and important economic