Imports made up 86% of India’s gold supply from 2016-2020, says WGC

According to a World Gold Council report, bullion banking is one of the key pillars to address multiple challenges faced by India’s gold market, such as a lack of quality assurance, the unorganised state of the market and a lack of trust in international markets 

from Moneycontrol Business News https://www.moneycontrol.com/news/business/imports-made86india’s-gold-supply2016-2020-says-wgc_15845841.html