The government is working to set up a Domestic Gold Council to promote the growth of the sector and boost exports of jewellery, Commerce and Industry Minister Suresh Prabhu said Thursday. He said India is the largest consumer of gold and also one of the main importers. There are huge opportunities in the global market to push exports of gold jewellery, he added.

"We are largest consumer of gold. There are huge number of artisans. So we have decided to set up Domestic Gold Council. it will have representations from all stakeholders including artisans, traders, miners and purifiers," the minister said at a gold jewellery exhibition here. He said the council would work in the direction of promoting the gold and jewellery industry.