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02-10-2012 08:39 AM
| India
Drought forces India’s farmers to unearth their gold
Laxmibai Karanure sifts through the heavy bangles and necklaces that make up her life savings, working out which pieces to sell from the 100 grams of gold she holds to tide her family over during the drought at their farm.
The 55-year-old Karanure’s heirlooms will add to a booming recycling trade, which could account for up to half of India’s consumption this year and boost a fledgling refining industry.
The 55-year-old Karanure’s heirlooms will add to a booming recycling trade, which could account for up to half of India’s consumption this year and boost a fledgling refining industry.
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