---
title: "India's household gold reserves have expanded to nearly $3.8 trillion"
description: "A report shows that the valuation of gold reserves held by Indian households is close to USD 3.8 trillion, due to record increases in gold prices and significant growth in household wealth. Morgan Sta"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/260625815.md"
published_at: "2025-10-10T11:56:10.000Z"
---

# India's household gold reserves have expanded to nearly $3.8 trillion

> A report shows that the valuation of gold reserves held by Indian households is close to USD 3.8 trillion, due to record increases in gold prices and significant growth in household wealth. Morgan Stanley economist Upasana Chachra pointed out that this gold reserve spans several generations, creating a positive wealth effect. The latest estimate is significantly higher than the World Gold Council's estimate of 2,500 tons in July 2023. India is the world's second-largest consumer of gold

A report shows that household wealth in India is significantly increasing, with their holdings of 34,600 tons of gold appreciating substantially following a recent record rise in gold prices. Morgan Stanley economists, including Upasana Chachra, wrote that this vast gold reserve accumulated over generations is valued at nearly $3.8 trillion, creating a "positive wealth effect" for household balance sheets in the context of rising gold prices. For Indians, gold is deeply embedded in culture, religion, and social life. This latest estimate is much higher than the World Gold Council's report in July 2023, which estimated the total gold reserves of Indian households at about 25,000 tons. India is the world's second-largest consumer of gold

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.