Indian women’s group seeks limit on wedding gold
Duncan Richardson, News Editor
15 Jan 2014, 4:59 p.m.
A women’s group in the Indian state of Kerala is calling for a limit to be placed on the amount of gold which can be gifted at wedding to 80 grams. The group believes the limit will reduce the financial burden placed on families and help reduce India’s trade deficit. Currently the average amount of gold gifted per wedding in the state is 400 grams or 80 tonnes per year, which equates to 10% of India’s total annual demand.