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More or Less: Behind the Stats

Do Indian women own 11% of the world’s gold?

More or Less: Behind the Stats

BBC

Business, Mathematics, Science, News Commentary, News

4.63.5K Ratings

🗓️ 4 November 2023

⏱️ 9 minutes

🧾️ Download transcript

Summary

The cultural importance of gold in India as a symbol of wealth, prosperity and safety is well known – but how much do Indians actually own? Reporter Perisha Kudhail looks at a widely circulated claim about Indian women owning 11% of the world’s gold, with the help of Delhi based journalist Mridu Bhandari and Joshua Saul, CEO of the Pure Gold Company. Presenter: Ben Carter Reporter and Producer: Perisha Kudhail Series Producer: Jon Bithrey Editor: Richard Vadon Sound Engineer: James Beard (Image: A saleswoman shows gold bangles to a customer at a jewellery showroom in Kolkata. Credit: Reuters/Rupak De Chowdhuri/File Photo)

Transcript

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0:00.0

Thank you for downloading the more or less podcast.

0:03.0

Were your weekly guide to the numbers in the news and in life,

0:07.0

and I'm Ben Carter.

0:08.6

From the Crown Jules of Royal royalty to the world famous golden temple in India,

0:17.0

gold has awed people across the globe for thousands of years

0:21.0

and the purchase of the valuable metal doesn't seem to be losing popularity.

0:26.0

Historically goals has played a huge role in the global financial system

0:30.0

whether it's in the form of jewelry, a raw material, or my favorite, a big gold bar.

0:37.0

But is this statement that has been circulating widely across different social media platforms, true.

0:43.0

Did you know that Indian women hold 11% of the entire world's gold?

0:48.0

Our 24-carat correspondent, Perisha Kudale, is here to tell us more.

0:52.0

Hi, Perisha. Hi, Ben, it's evident that gold is a big part of the

0:56.5

investment and gifting culture in India and I can say from my own family's experience that this is

1:02.3

mirrored within the South Asian diasporas

1:04.6

across the world.

1:06.3

But what about this specific statistic?

1:09.2

Do Indian women really own 11% of the entire world's gold. Before we take a deeper dive, let's hear how

1:16.9

popular the purchase of gold is in India. We as Indians love gold and it's not just a fascination with the yellow metal or its glow.

1:27.5

I think there's a lot of culture intertwined with us having this love of gold and really owning gold through our lives.

1:35.0

This is Mridu Bandari, a journalist in Delhi and she has a lot of personal experience

1:41.8

with the valuable metal.

1:43.0

Wherever there is a celebration across India in India as a country of many countries, we are very diverse.

...

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