Gold Jewelry: Buying gold in India is considered more auspicious than buying wealth. It is a tradition to give gold necklace, bracelet, mangtika, earrings and gold mangalsutra at weddings. This is the reason why Indian women have an important relationship with gold. This relationship has taken a heavy toll on the countries of America and Europe. Indian women possess 11 percent more gold than the total gold possessed by America, Germany, Italy, France and Russia.
Indian women have 24,000 tonnes of gold
Gold has always been a symbol of wealth, tradition and cultural importance in India. Especially a deep relationship is seen between Indian women and gold. Using gold jewelery and giving gold as gifts on wedding occasions is an important part of Indian culture. According to the World Gold Council, Indian women own about 24,000 tonnes of gold, which is 11% of the total gold in the world. This gold is often transferred from generation to generation. The love for gold reflects India’s deep cultural tradition.
Indian women overtake the world’s gold reserve – The gold possessed by Indian women is more than the gold reserves of the top 5 gold possessing countries of the world.
America: 8,000 tons
Germany: 3,300 tons
Italy: 2,450 tonnes
France: 2,400 tons
Even Indian women have more gold than the combined gold reserves of all these countries and international organizations like IMF.
Most gold in South India
South India has the highest reserves of gold, which is 40% of the total reserves of the country. Tamil Nadu alone contributes 28% to this. According to the World Gold Council’s 2020-21 report, Indian households had 21,000-23,000 tonnes of gold, which has increased to 24,000-25,000 tonnes by 2023.
Women in India can keep this much gold
Married women can keep up to 500 grams of gold.
Unmarried women can keep up to 250 grams of gold.
For men this limit is 100 grams.
Gold market in 2024-25
Gold prices rose 28% in 2024 and reached record levels several times. According to the World Gold Council, there may be a steady increase in gold prices in 2025. Demand for gold in India increased due to reduction in import duty in 2024. Apart from this, the increasing popularity of financial products related to gold has opened up new investment options.
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