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Gold smuggling was rampant in India until liberalisation, which repealed The Gold (Control) Act, 1968 that prohibited the import of gold except for jewellery. [4] In the 2011–12 period India's current account deficit burgeoned to 4.2% of its GDP. [5] This was due to high prices of oil and gold, which the country imports in huge volumes. [6]
The Gold business in Thrissur is a major revenue earner for the economy of Kerala, India. About 500 kg of gold jewellery is manufactured every year in state, the majority of which is done in Thrissur , making the city a hub of gold business and gold jewellery manufacturing in Kerala and South India . [ 1 ]
The Padmanabhaswamy temple treasure is a collection of valuable objects including gold thrones, crowns, coins, statues and ornaments, diamonds and other precious stones. It was discovered in some of the subterranean vaults of the Padmanabhaswamy Temple in Thiruvananthapuram, in the Indian state of Kerala, when five of its six (or possibly eight) vaults were opened on 27 June 2011.
24 Carat Gold or 24 Karat Gold may refer to: Karat, a measure of the purity of gold; 24 Carat Gold, by Scooter, 2002;
Malabar Gold & Diamonds is an Indian jewellery group headquartered in Kozhikode, Kerala. The company was founded by M. P. Ahammed in 1993. [ 2 ] As of May 2023, it owns more than 330 showrooms across 11 countries, making it one of the largest chains of jewellery retailer in the world.
Muthoot Finance Ltd is an Indian financial corporation and the largest gold loan NBFC in the country. [4] In addition to financing gold loans, the company offers other forms of loans, insurance and money transfer services, and sells gold coins. The company is headquartered in Kochi, Kerala and
A gold nugget of 5 mm (0.2 in) in diameter (bottom) can be expanded through hammering into a gold foil of about 0.5 m 2 (5.4 sq ft). The Toi gold mine museum, Japan.. Gold leaf is gold that has been hammered into thin sheets (usually around 0.1 μm thick [1]) by a process known as goldbeating, [2] for use in gilding.
In 2020 with unemployment rate around 5%, Kerala has managed to turn its fate around despite the COVID-19 pandemic affecting all sectors of the economy. [5] The state's poverty rate is exceptionally lowest in the country at 0.71%; and it houses the Kottayam district which is the only one in the country with zero poor residents. [19]