World Gold Council seeks strategic-mineral status for gold in India
The World Gold Council has urged the government to classify gold as a strategic mineral and introduce single-window mining approvals. Its roadmap targets domestic mines supplying 10–15% of annual gold demand by 2047, while greater monetisation of household holdings could reduce import dependence.
World Gold Council urged India to classify gold as a strategic mineral, seeking single-window mining approvals to reduce import dependence. Its report targets domestic mining meeting 10-15% of annual demand by 2047 and advocates monetising household gold holdings.
Why this matters
The policy push follows signals that Gen Z is shifting to digital, liquid and customised gold buying, while a Q2 import-duty hike cut gold demand 6% despite 50% higher spending.
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