Gold and economy India doesnt manufacture gold as it do not have gold mines all gold that is available in the market is either personal posessions or imported gold. India spend 52 billion dollars for import of gold alone of this almost all gold is sold in domestic market. That means there is no much exports of gold ornaments and artifacts taking place. There are thousands of jwelleries or gold sooks in india employing lakhs of people.goverment earns from these activities in form of various taxes and duties.once the gold reaches the consumer it becomes an unproductive comodity, it just stays in coffers and lockers. Gold and culture Gold has a cultural value too. Traditionally gold is used to show of a family's financial status. It is shown of in get-togethers and family functions, well gold remains one of the status symbols of indian households. In marriage gold is given as dowry, more the gold higher the status. Gold and religion Gold is favourite for gods too