India Holds ₹462 Lakh Crore Gold at Homes

Gold is very important in India. Almost every family buys gold during festivals, weddings, and special occasions. It is not just a decoration but also a form of savings. Because of this strong tradition, Indian households hold a huge amount of gold.

According to recent estimates, the total value of gold in Indian homes is around ₹462.25 lakh crore. This is a very large number. In fact, it is more than the gold reserves held by the central banks of the top 10 countries in the world. This shows how much Indians trust gold as a safe asset.

However, most of this gold is kept safely in homes and is not actively used. Experts say that if even 2% of this gold enters the financial system, it can give a big boost to the country’s economy. People can deposit gold in banks or take gold loans. This way, gold becomes useful for economic activities.

Gold loans are becoming very popular in India. By November 2025, the total value of gold loans reached ₹24.34 lakh crore. This means many people are using their gold to get money when they need it. Small business owners, farmers, and middle-class families depend on gold loans for financial support.

When gold is used in the banking system, it helps banks grow stronger. It also increases investments in the country. This can create more job opportunities and support economic development. To encourage this, the government is promoting schemes like gold monetization.