OMG! Indian women own 24000000 kg of gold, higher than America and China’s gold reserves, state with highest yellow metal owned by women is…

Indian women collectively own an astonishing 24,000 tons (24 million kilograms) of gold, surpassing the gold reserves of several countries, including major economies like the United States and China. According to a report by the World Gold Council (WGC), the gold owned by Indian women accounts for approximately 11% of the world’s total gold reserves.

In India, gold holds immense cultural and traditional value. Whether it’s Dhanteras, Akshaya Tritiya, or weddings, purchasing gold is considered auspicious. Indian women not only cherish wearing gold jewelry but also actively invest in it.

Gold Reserves: India VS World

Indian women’s gold holdings exceed the combined reserves of the top six gold-holding countries in the world. Here’s a look at gold reserves in key countries:

United States: 8,133 tons

Germany: 3,354 tons

Italy: 2,452 tons

China: 2,264 tons

India (Central Bank): Over 850 tons

Indian women’s gold, primarily in the form of jewelry, outpaces these reserves significantly.

State With Highest Gold Ownership

A significant portion of this gold 40% is owned by women in southern India, with Tamil Nadu alone accounting for 28%.

Is Gold Dead Asset?

While some experts consider gold stored in households or bank lockers a “dead asset” due to its lack of interest or dividend yields, others view it as an important and valuable resource. During financial crises, gold often acts as a safety net for families.

Gold Prices and Market Trends

Currently, gold prices are over Rs 77,000 per 10 grams on the MCX. In the past month, prices have seen significant fluctuations, even surpassing Rs 80,000 per 10 grams around Diwali. However, prices declined after Donald Trump’s election victory in the US, as his policies aimed to strengthen the dollar. Market analysts predict that gold prices could rise again in the coming days.

The scale of these holdings showcases India’s enduring bond with gold, making it a unique phenomenon in the global context.