India’s Household Gold Reserves Valued at over 40% of GDP
Factoring in the central bank’s reserves (608.8 tonne) and an import duty of 10%, the domestic value of the gold stocks at most of the known sources in the world’s second-largest consumer will be even higher. Households in India may have piled up around 24,000-25,000 tonnes of gold, remaining the world’s largest holders of the … Read more