New Delhi, May 27 -- India's large household gold holdings can become productive financial assets through wider adoption of Gold Exchange-Traded Funds (ETFs) and Electronic Gold Receipts (EGRs), according to Devarsh Vakil, Head of Prime Research at HDFC Securities.

In an exclusive conversation with ANI, Vakil said Indian households currently hold nearly USD 3 trillion worth of gold, much of which remains stored in physical form, such as jewellery and bullion. According to him, most of this gold acts as a dormant safety asset and remains outside the formal financial system.

He stated, "To transform this traditional commodity from a stagnant security into a productive financial instrument, broader adoption of digital vehicles such as Gold...