Gold Facts: Gold worth Rs 33,68,60,50,00,00,000 is kept in homes in India, a new report has also come out

News, Digital Desk - ( Gold Facts) Gold prices in India have reached record levels. According to a new report from Morgan Stanley, the total gold held in households in the country is now worth approximately $3.8 trillion. 

This staggering figure is equivalent to 88.8% of India's total GDP, highlighting the cultural and financial significance of gold.

According to the report, the value of gold held by Indian households has reached record levels this year. Gold prices have now reached ₹1.27 lakh per 10 grams, a 61% increase this year.

Why Gold Rises:

There are several reasons behind the rising prices of gold. These reasons include expectations of interest rate cuts, a weak dollar, aggressive buying by central banks, and global geopolitical tensions.

Gold reserves now reach 880 tonnes -

RBI (Reserve Bank of India) has also purchased 75 tonnes of gold since last year, due to which the total gold reserves of the country have now reached 880 tonnes (14 percent of the foreign exchange reserves).

Major changes in household savings as well -

According to a Morgan Stanley report, the investment patterns of Indian families are shifting. Their interest has shifted from traditional savings to equities and gold. 

Equity investment, which was only 4% before the pandemic, has reached 15.1%. Meanwhile, the share of bank deposits has declined from 46% to 35%. This shift indicates that Indians are now prioritizing the stock market over traditional savings.

According to the report, gold's rise in 2025 is the biggest since 1979. Experts believe that if interest rates fall further, gold's luster will continue.