New Delhi, April 11 -- Indian households hold gold reserves that exceed the combined holdings of the world's top 10 central banks, according to a report by ASSOCHAM, highlighting the metal's deep-rooted role in the country's savings and cultural landscape.

Gold As A Preferred Household Asset

The report underscores that gold continues to serve as a key store of value for Indian households, driven by traditional preferences, financial security considerations, and its hedge against inflation and economic uncertainty, reported ANI.

Gold holdings in India are largely concentrated in households rather than institutional reserves, reflecting a longstanding pattern where families accumulate the metal in the form of jewellery, coins, and bars....