State officials in Andhra Pradesh, India have launched an inquiry into the disappearance of 300 gold coins and ornaments from the treasury of the Tirumala Tirupati Devasthanams (TTD), the body that runs the Sri Venkateswara Temple.
In India, gold is considered as one of the prestigious instruments of investment among the household consumers. Small household units are now becoming potential investors for gold from the key consumers. The demand for consumption purpose is no longer the main driver of demand for the yellow metal, but the systematic investments in retail gold investment options is the latest crush among the small investors in the country.