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Household gold holdings' value rises to 56% of GDP
June 19, 2025
|The New Indian Express Kottayam
THE value of gold the Indian households are sitting on is as much as 56% of the nominal GDP in FY26 and is also bigger than the bank credit, which is only 55% of the economy, according to a foreign brokerage.
The brokerage forecasted a further rally in gold, which is already quoting near record highs. The 25,000 tone of gold holding with the Indian households is the world's largest and represents 14% of the global gold stock and at current prices is worth $2.4 trillion, Tanvee Gupta Jain, chief economist at UBS Securities India, said in a not
هذه القصة من طبعة June 19, 2025 من The New Indian Express Kottayam.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
هل أنت مشترك بالفعل؟ تسجيل الدخول
المزيد من القصص من The New Indian Express Kottayam
The New Indian Express Kottayam
Apartments priced ₹1 cr or more account for 62% of total sales during Jan-Sept
DEMAND for luxury living continues to rise in top top metro cities as apartments priced at ₹1 crore now account for 62% of total sales.
1 min
October 29, 2025
The New Indian Express Kottayam
TAGGING AI CONTENT MUST, FIX FAKE REDRESS AS WELL
In an age where fraud and fakery have been turbocharged by artificial intelligence tools, the Indian government has proposed rules to explicitly label all AI-generated content shared in the country.
1 mins
October 29, 2025
The New Indian Express Kottayam
WHEN TIME SPLITS: THE MYSTERY OF THE TWIN PARADOX
IMAGINE two twins standing side by side on Earth.
2 mins
October 29, 2025
The New Indian Express Kottayam
Come what may, we will stand our ground, says Muivah in Manipur
FROM his birthplace Somdal village in Manipur, NSCN-IM leader Thuingaleng Muivah on Tuesday said the outfit would not deviate from its position on the Naga political issue.
1 mins
October 29, 2025
The New Indian Express Kottayam
Murmu on ‘most modern’ Rafale sortie from Ambala today, first Prez to do so
PRESIDENT Droupadi Murmu, who is also the Supreme Commander of Armed Forces, will be taking a sortie in an Indian Air Force’s combat fighter on Wednesday.
1 min
October 29, 2025
The New Indian Express Kottayam
TVS Motor PAT rises 42% to ₹795 cr, revenue from operations surges 24%
CHENNAI-based two-wheeler and three-wheeler major -TVS Motor Company — on Tuesday reported a 42% jump in consolidated net profit during the second quarter of FY26 (Q2FY26) to ₹795.48 crore, up from ₹560.49 crore in the corresponding quarter last fiscal (Q2FY25).
1 min
October 29, 2025
The New Indian Express Kottayam
Complaint not needed, police can register FIR on threats to witness: SC
THREATENING a witness to give false evidence is a cognisable offence, authorising the police to directly register an FIR and investigate, without waiting for a formal complaint from a court, the Supreme Court ruled on Tuesday.
1 min
October 29, 2025
The New Indian Express Kottayam
Maha ATS arrests Pune techie over Qaeda links
THE Maharashtra Anti-Terrorism Squad (ATS) has arrested a 33-year-old software engineer, identified as Zubair Hangargekar, from Pune’s Kondhwa area for his alleged links with Pakistan-based Al-Qaeda and involvement in the radicalisation of youth.
1 mins
October 29, 2025
The New Indian Express Kottayam
Handwriting doesn’t match in Satara doc’s rape-suicide
INa twist in the Satara doctor’s rape and suicide case, the deceased doctor’s sister claimed that the handwriting found on her palm is not the deceased’s writing. The suicide inscription was written by someone, she suggested.
1 min
October 29, 2025
The New Indian Express Kottayam
With rich river network, tapping national waterways will boost green logistics
IMAGINE a future India where goods glide on barges instead of trucks, logistics corridors slide along rivers instead of highways, and the carbon footprint shrinks even as trade expands.
3 mins
October 29, 2025
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