Beyond ornaments and investment, gold can be a shiny affair in industry too

This article explores opportunities in industrial use of gold to potentially add more high-skilled jobs, increase contribution to international trade and increase value addition to economy as a whole

It is estimated that global trade of gold compounds stands at about $5 billion, of which India’s share is less than one per cent. This discussion is of significance in the context of economic value-addition that just the market for gold compounds can create for the Indian economy. This is especially important at a time when discussions about the yellow metal in India largely revolve around jewellery and investment, even as the more technology-driven world is capitalising on gold’s potential in industrial and other usage — medical purposes, gold nanoparticles in environment management, and so on. 

Gold’s properties as a corrosion-free,