New Delhi, April 1 -- Indian households on average hold some 25,000-30,000 tonnes of gold (mostly as jewellery and coins). Divided across 24 crore census households, this works out to about 100-150 grams per household, worth Rs.15-20 lakh at current prices, according to Sachin Sawrikar, Founder and Managing Partner of Artha Bharat Investment.

The value of household gold is nearing $5 trillion - and makes up a sizable 65% of the non-property stock of their wealth, a Kotak Institutional Equities report dated 18 March showed.

Most Indians keep their gold at home or in bank lockers. Bank lockers are designed to provide protection against theft and environmental damage. But lockers are limited in number and not always available, especially i...