The relationship between indians and gold is inseparable. In india, gold is an integral part of our culture. gold is also seen as an asset that changes hands from generation to generation. The World gold Council has released a report on how much gold is in india and what is its total value. The report released by the World gold Council states that the total amount of gold that can be found in indian families and temples is 25 thousand tons. 25 thousand tons of gold is worth 2.4 trillion US dollars in today's market conditions. This is almost 56 percent of the gross domestic product that india is expected to achieve in the financial year 2026. To be more precise, Pakistan's total economy is $411 billion. However, the value of gold held by indians is six times more than Pakistan's economy. The value of gold held by indians is higher than the economies of many developed countries. For example, Italy's GDP is $2.4 trillion, while Canada's GDP is $2.33 trillion, but the value of gold held by indians is higher than that.
.jpeg)
The price of gold has been continuously increasing since the 2020 financial year. Experts say that due to this, the total value of gold held by indians has increased to several trillion dollars. Due to trade conflicts, war, inflation, etc., the price of gold and the demand for gold are increasing. A report issued by UBS bank states that the demand for gold in india is likely to decrease slightly as the price of gold is currently high. Because the price of gold has increased many times, the purchasing power of people has decreased. Therefore, it has been reported that the tendency of people to buy gold in india is likely to decrease slightly in the financial year 2026.
That is, the demand for gold is 782 tons, according to the report issued by the bank. The report issued by this bank states that the trend of buying jewelry has decreased and the purchase of gold bars and coins has increased by 25%. It has been said that the demand for gold in india will decrease to 725 tons.
The price of gold has been continuously increasing since the 2020 financial year. Experts say that due to this, the total value of gold held by indians has increased to several trillion dollars. Due to trade conflicts, war, inflation, etc., the price of gold and the demand for gold are increasing. A report issued by UBS bank states that the demand for gold in india is likely to decrease slightly as the price of gold is currently high. Because the price of gold has increased many times, the purchasing power of people has decreased. Therefore, it has been reported that the tendency of people to buy gold in india is likely to decrease slightly in the financial year 2026.That is, the demand for gold is 782 tons, according to the report issued by the bank. The report issued by this bank states that the trend of buying jewelry has decreased and the purchase of gold bars and coins has increased by 25%. It has been said that the demand for gold in india will decrease to 725 tons.
click and follow Indiaherald WhatsApp channel