Iran is among the six major gold consumers in the world.
Iranians buy about 400 metric tons of gold annually, Deputy head of the Geological Survey of Iran Behrouz Borna said, ISNA news agency reported.
Annual gold trade amounts to $3,000 billion in the world. Gold deposits have been found in 12 provinces of the country, including northwestern provinces of West Azarbaijan, East Azarbaijan, western provinces of Kordestan and Zanjan, and southeastern provinces of Khorasan and Sistan-Baluchestan.
Contributed By Sonia Narula