The citizens of the previously known “Golden Bird”, India, always believed in gold and depended on it in difficult times. Gold has found a very auspicious and elevated place in Indians’ psyche. This is the foremost reason why Gold prices usually go up in India. As per recent estimates, India and China are two highest Gold consuming countries in the world. Traditionally,Gold has been an investment asset and a reliable hedge against inflation. Adding Gold to one’s portfolio provides stability in returns that equities and mutual funds do not.