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Household gold holdings' value rises to 56% of GDP
The Morning Standard
|June 19, 2025
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 note.
This story is from the June 19, 2025 edition of The Morning Standard.
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