Try GOLD - Free
Household gold holdings' value rises to 56% of GDP
The New Indian Express Mangaluru
|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 not
This story is from the June 19, 2025 edition of The New Indian Express Mangaluru.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM The New Indian Express Mangaluru
The New Indian Express Mangaluru
KERALA RISES IN REFORMS BUT GROUND REALITY LAGS
K ERALA'S achievement in improving the investment climate is laudable, considering it was long seen as business-unfriendly.
1 mins
November 17, 2025
The New Indian Express Mangaluru
SGPC mulls ban on lone woman for Pak jathas after pilgrim goes missing
FILE PHOTO
1 mins
November 17, 2025
The New Indian Express Mangaluru
Delhi airport traffic in Apr-Oct falls 3.5% due to upgrade, airspace closure
GMR Airports Limited reported a 3.5% year-on-year decline in passenger traffic at its flagship Indira Gandhi International Airport (DEL) for the first seven months of the current fiscal due to year runway upgrade and airspace closure, according to a mandatory filing with the stock exchanges.
1 min
November 17, 2025
The New Indian Express Mangaluru
Bengal guv warns of legal action against TMC MP
WEST Bengal Governor C V Ananda Bose on Sunday threatened to take legal action against veteran Trinamool Congress (TMC) MP Kalyan Banerjee over his “invective” remarks leading to a confrontation.
1 mins
November 17, 2025
The New Indian Express Mangaluru
‘Indians have to risk losing to be successful’
DURING his heydays in the 1980s, USA’s Freddie Spencer was at the pinnacle of Grand Prix motorcycle racing.
1 min
November 17, 2025
The New Indian Express Mangaluru
WHAT TO MAKE OF BUFFETT'S 'THANK YOU' LETTER
MONEY MATTERS
2 mins
November 17, 2025
The New Indian Express Mangaluru
Zelenskyy spearheads bid to revive Russia prisoner swaps
UKRAINE is working to resume prisoner exchanges with Russia that could bring home 1,200 Ukrainian prisoners, President Volodymyr Zelenskyy said Sunday, a day after his national security chief announced progress in negotiations.
1 min
November 17, 2025
The New Indian Express Mangaluru
'The answer is us': Indigenous groups protest
HERE in Brazil, marchers revelled in their right to be heard, their voices rising in a city chosen precisely to focus the world's attention on the Amazon and its defenders.
2 mins
November 17, 2025
The New Indian Express Mangaluru
FOR GAMBHIR AND CO, IT’S PITCH DARK AT HOME
EVEN before the presentation ceremony was over, the ground staff at the Eden Gardens, as if to carry out a meta joke, watered the square.
1 mins
November 17, 2025
The New Indian Express Mangaluru
Kremlin says Kyiv briefed on summit terms
A top Kremlin aide on Sunday said that the conclusions of the Alaska summit between Russian President Vladimir Putin and his US counterpart Donald Trump were communicated to Kiev, adding that Moscow is maintaining contacts with Washington on the issue.
1 min
November 17, 2025
Listen
Translate
Change font size