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India is one of the world s greatest gold markets which like many countries in asia and the middle east looks to gold as a store of family wealth.
In 2013 the fineness of these gold bullion coins increased to 9999 fine.
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They are 9167 fine gold and are legal tender in great britain.
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In 1979 the royal canadian mint began the production of gold bullion with 50 denomination gold maple leaf one ounce coins.
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Indians use a combination of bullion bars and coins as well as high purity jewellery both as a store of value and as a second currency in a country where as much as 60 are outside the banking.
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The famous yellow metal has been a standard by which wealth is measured for centuries and as civilizations took the first steps out of the dark ages and into international trade in the middle ages and beyond gold was there as the standard unit of commerce used by nations and people who spoke.