India Aims to Influence Global Gold Prices

India wants to become a big player in the gold market.

Right now, it buys gold from other countries and has to accept their prices.

But in the next 10 years, India plans to mine more gold at home, which will be about 20% of what the country needs.

This will help India have more say in setting gold prices worldwide.

Experts also think India could become a major center for making jewelry in the next few years.

Right now, Indian people own a lot more gold than the government does, which is different from other countries like Switzerland.

Making more gold at home and having better systems for buying and selling gold will help India become more important in the global gold market.