Gold loan record broken: Indians made gold a source of income, crossed the figure of Rs 24 lakh crore

New Delhi: The love for gold in Indian homes is well known, but the figures that have come out now have shocked economists all over the world. The gold reserves held by Indian households (India Household Gold Reserve) has now become so huge that it is more than the total gold reserves of the top-10 central banks of the world. This gold is no longer just a decoration on the shelves, but has emerged as a ‘gamechanger’ asset for the country’s economy.

The rise in gold prices made a record

industry organization ASSOCHAM According to the latest analysis, the rapid rise in gold prices in the years 2024-25 and the beginning of 2026 has skyrocketed the value of gold held in Indian households. Now the total value of this stock 5 trillion dollars (about 5000 billion dollars) Has gone beyond. This figure puts India among the most powerful countries in the world in terms of private wealth.

Can become a big support for GDP

The report emphasizes that if we utilize this dead wealth properly, India’s economic growth rate can increase like a rocket. Experts say that if the total amount of gold kept in Indian homes 2 percent If this part is also invested every year in the financial market or productive work, it will give a tremendous boost to the GDP.

Dream of 40 trillion dollar economy by 2047

An excellent blueprint for the future has been drawn in the ASSOCHAM report. According to this, if this trend of converting gold into financial instruments continues, then by the year 2047, about 40 percent of India’s total gold reserves will become a part of the country’s main economy. Due to this ‘multiplier effect’ India’s GDP 7.5 trillion dollars There may be an additional increase of Rs. It is estimated that India’s GDP will anyway be 34 trillion dollars by 2047, but this contribution of gold will boost our economy. 40 trillion dollars Can cross the magic figure of Rs.

Financialization of gold and increasing craze of gold loan

At present, a large part of the gold held by Indian households is outside the formal banking system. The report suggests that the government should take measures so that people can invest their gold in productive activities such as manufacturing, infrastructure and farming.

The good thing is that the attitude of Indians is changing. According to the data of financial year 2025-26 (till November 2025), the amount of loan taken against gold and jewelery has increased. Rs 24.34 lakh crore Has reached. This is an indication that now people are learning to use gold for their needs and business instead of just keeping it in the safe.