Gold is worth about twice what it was four years ago, so who profits when a Hindu family buys gold during the Diwali festive period? Sam Fenwick traces the gold supply chain from a mine that digs up 140 tonnes of rock for a single ounce of gold to a Delhi jeweller, examining the role of central banks and refiners along the way.
Producers: Josh Martin and Huma Shah.
You can email the team: businessdaily@bbc.co.uk
(Picture: A jewellery shop in Bangalore, India, 13 October 2025. Credit: JAGADEESH NV/EPA/Shutterstock)