Value of gold with India’s households surges to $3.8 trillion as prices soar
New Delhi, Oct 10 (IANS) India's household wealth held in gold is estimated at 34,600 tonnes, worth around estimated at $3.8 trillion or 88.8 per cent of GDP. This is providing a positive wealth effect on the household balance sheet, with gold prices scaling new highs, according to a Morgan Stanley report released on Friday.