India Seeks To Reduce Gold At Wedding To Help Trade Deficit

The women’s commission of India’s Kerala state is seeking to limit the amount of gold given at weddings to no more than 80 grams to reduce the burden on families and help ease India’s trade deficit.

Most Indians see gifts of gold, mostly jewelry, from the bride’s family to the groom as auspicious for a marriage, helping to ensure financial security.

But grooms have been seeking increasing amounts of gold as rising duties and restrictions on imports have led to a shortage in India, the world’s second-largest gold consumer after China.


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Mingze Wu

Mingze Wu

Currency Analyst at Market Pulse
Based in Singapore, Mingze Wu focuses on trading strategies and technical and fundamental analysis of major currency pairs. He has extensive trading experience across different asset classes and is well-versed in global market fundamentals. In addition to contributing articles to MarketPulseFX, Mingze centers on forex and macro-economic trends impacting the Asia Pacific region.
Mingze Wu