My understanding is that Indian women do fairly regularly make gold purchases and sales. Their jewelry truly functioning as a financial asset.

Undisciplined

From my understanding, it is bought and sold. 
So it is more like a revolving door, they arent actually accumulating it. 

Small fish, and as far as I understand, pretty price insensitive. 

So no, I'd rather look at the central banks and major banks and billion dealer activities 

denlillaapan

econ

Gold is the Real "Trump put" (Financial Times, Jonathan Guthrie)

This is ok but they are true holders of a Gold Standard. We can never call them irrelevant. Also their buying Gold is at at record highs. 