11% of the world’s gold reserves are held by Indian households
<p>India’s enduring love affair with gold remains as captivating as ever, with households across the nation safeguarding a treasure trove valued at over $950 billion, equivalent to a staggering 50% of the country’s GDP in dollar terms. This deep-rooted fascination transcends mere economic significance, reflecting a profound cultural heritage deeply ingrained in the fabric of Indian society.</p>
<p>According to a comprehensive report by global research firm Macquarie, gold consumption in India is not merely a financial transaction but a sacred tradition woven into the cultural tapestry of the nation. Surpassing even China, India stands as the world’s largest consumer of gold, a testament to its integral role in the lives of millions.</p>
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