Indian Homes Hold Over $5 Trillion Gold, Exceeding India's GDP

• Gold reserves in Indian homes are valued over $5 trillion, surpassing India's current $4 trillion GDP.
• Morgan Stanley estimates Indian households possess approximately 34,600 tons of gold.
• India is the world's second-largest gold consumer, accounting for 26% of global demand.
• Indians view gold as a long-term saving, with 75-80% of reserves held as jewelry.
• RBI is aggressively buying gold, increasing its reserves to 880 tons, now 14% of forex.

Why It Matters: Indian households hold a staggering $5 trillion in gold, a wealth greater than the nation's GDP.