is gold trade a good business compared to groceries supermarket business

THis need to be verified

to grow higher, two things are important.

your experience in the business and the vollume or future scope of the business.

Imagine you have gained 10 years experience in gold business and you want to expand your business, you can grow only in india mainly bcoz india is the highest consumer of gold compared to any country.

so the max business vollume you can do in any country will not be greter than India.

fine. what is the max business vollume we can achieve in India.

the demand for gold in India in 2020 was 446 tons

Source: https://www.statista.com/statistics/896708/india-gold-demand-volume-annual/#:~:text=The%20demand%20for%20gold%20across,in%202019%20compared%20to%202018.

446 tons = 446 X1000X1000X5000 per gram = 2,23,000 crore.

thats it .. this is the max business vollume you can achieve if evryone india buys gold from you.

and the voullume is just equals to the vollume of Reliance retail wing.

and future of gold demand is decreasing.. 

1000 ton in 2010 to 446 ton in 2020 

Source:

https://www.statista.com/statistics/896708/india-gold-demand-volume-annual/#:~:text=The%20demand%20for%20gold%20across,in%202019%20compared%20to%202018.

but from another source :

 https://oec.world/en/profile/bilateral-product/gold/reporter/ind

$36B worth of gold imported in 2022 -