Andrey Litvinov

The Indian Center for Research in the Field of Yellow Metal has prepared a report "Gold Market for 2022" on the consumption of precious metal in the country's households. The report was prepared on the basis of a survey of 40 thousand households. It said per capita consumption of precious metal was the highest among wealthy people, but the lion's share of the yellow metal sales figure was still in the middle-income group.

Africa is becoming a major source of precious metal supply. Successes in this context have been reported in Zimbabwe. In 2021, a record volume of production was achieved in the country.

Yellow metal is sometimes called a "barbaric relic," citing British economist J. M. Keynes. However, gold is not going out of fashion, especially in times of crises, rising inflation and hostilities.