Which city is known as Gold Capital of India? Where is India’s largest bullion market, from where yellow metal is supplied nationwide? Answer is…
Gold is one of the most valuable metals. Every year, a significant amount of gold is imported into the country. Gold is used for several purposes, including making jewelry, certain surgeries, and in connectors, switches, and microchips. Have you ever wondered where the largest gold market in India is, which supplies gold to the whole of the country? There are also other gold markets in Jalgaon and Ratlam. They are quite famous for gold, but they are not the largest.
Which is the largest bullion market in India?
The largest bullion market in the country is located in Zaveri Bazaar in Mumbai. Also, another city, Thrissur in Kerala, is known as the “Gold Capital of India.”
Who established Zaveri Bazaar and when?
Zaveri Bazaar in Mumbai, the financial capital of India, is considered the largest gold market in India. It is also said to be the largest gold market in all of Asia. The gold market has existed for over 160 years. What makes this even more special is that it was established in 1864 by the well-known bullion trader Tribhovandas Zaveri, and that is why it carries the name of Zaveri Bazaar.
Why is Thrissur known as the “Gold Capital of India”?
Gold jewelry is supplied from Zaveri Bazaar to almost every corner of the country. This market has an amazing variety and unmatched quality of jewelry. Interestingly, diamonds are also traded here. Zaveri Bazaar is primarily known for wholesaling, which means pricing is lower for larger quantities. Unfortunately, for retail purchases, the prices are mostly related to what the market commands.
STORY HIGHLIGHTS
- The largest bullion market in the country is located in Zaveri Bazaar in Mumbai.
- Thrissur in Kerala is known as the “Gold Capital of India.”
- Zaveri Bazaar is primarily known for wholesaling.
- There are also other gold markets in Jalgaon and Ratlam.
Zaveri Bazaar may be the largest gold market in India, but Thrissur in Kerala is known as the “Gold Capital of India.” The city is a significant center for the trade of gold and the manufacturing of jewelry. Thrissur consists of many factories and craftsmen who produce massive amounts of gold jewelry. It also serves as a prominent central marketplace for gold trade in South India. In addition, other prominent gold markets in India include Jalgaon in Maharashtra, Ratlam in Madhya Pradesh, and the Sarafa Bazaar in Delhi, all of which are quite well-known.
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