Monday 13 October 2025
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wn.com - 3 days ago

Indian households hold $3.8B in gold, reshaping investment landscape

Indian households own approximately $3.8 billion worth of gold, which is 88.8% of the country’s GDP, according to a Morgan Stanley research report. In terms of volume, Indian households hold 34,600 tons of gold as of June, Morgan Stanley said in the report. “This implies a positive wealth effect on the household balance sheet, given the uptrend in gold prices,” the American investment bank said. A preference for financial assets by households has meant that investing in gold through ETFs (exchange-traded funds) has picked up recently, with ETF flows tracking at $1.8bn in the last 12 months. Morgan Stanley said gold demand remained range-bound in India because of lower inflation and positive...


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