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THE VALUE OF GOLD
Gold Value to Women in Developing Countries
Article # : gold124
Gold Value to Women in Developing Countries
In the Middle East and the Indian sub-continent gold plays an important role in the financial security of women. Historically, jewelry was often the only asset a Muslim or Hindu woman could own in practice, and in more traditional families this is still very much the case, especially in rural areas. A woman's gold can therefore be her only protection against personal misfortune. Hence, the practice of giving an Indian bride gold, which is considered Streedhan, or "property of the woman".
India is the world's largest market for gold jewelry, accounting in 2004 for one fifth of the global total.
Source: Responsiblegold.org