New Delhi. In India, gold is not just a precious metal but is also seen as a companion of happiness and sorrow and associated with the security of families. There would hardly be any house in our country where some gold is not kept. But do you know that this gold kept in the lockers and shelves of your house has become a cause of major concern for the country’s economy at this time? Firoz Aziz, CEO of Anand Rathi Wealth, has made a very unique and big appeal to the common citizens of the country. He has asked people to sell a small part of the gold lying idle in their homes, so that the country can be saved from the burden of huge gold imports and the Indian rupee can be further strengthened.
Continuously increasing gold import has become a big headache for the country.
According to Firoz Aziz, India is importing more gold from abroad than its requirement. If we look at the figures of a few years ago, India’s annual gold import bill used to be around $35 billion, which has now skyrocketed to almost $75 billion. Importing such huge quantities of gold from abroad is having a direct and bitter impact on the current account deficit of the country, due to which our rupee is continuously becoming weaker against the US dollar.
Giving a big example of the Indian stock market, he explained that whenever foreign institutional investors (FIIs) withdraw money from the market, there is a lot of uproar on TV and newspapers. But the reality is that our gold imports have become a greater economic pressure than this money going out of the country. For example, in the financial year 2025-26, foreign investors (FII Outflow) had withdrawn about Rs 1.68 lakh crore from the Indian market, whereas we spend many times more money just in buying gold from abroad.
Treasure worth 4 trillion dollars is buried in Indian homes
According to an estimate, Indian families currently have gold worth about 4 trillion dollars (lakhs of crores of rupees). The sad thing is that a large part of this gold remains locked in lockers and is of no use to the economy. Firoz Aziz says that if every family in the country sells just 2 to 4 percent of its total gold in the market, then India’s import bill will reduce so much that the economic condition of the country will improve overnight.
Putting forward an interesting calculation of his own company, he said that Anand Rathi Wealth currently has around 13,800 families as customers. If all these families sell just 100-100 grams of gold in the market in the interest of the country, then inactive gold worth about Rs 2,500 to 3,000 crore will come back into the main market, which will greatly reduce the need to import new gold from abroad.
Selling gold is not a sacrifice, but a strong wisdom
CEO Firoz Aziz made it clear that he is not asking people to make any kind of donation or sacrifice, rather it is completely a profit deal. At present, gold prices are hovering around their record levels, although recently a slight decline has also been seen. In such a situation, this can be the best and golden opportunity for common investors to earn huge profits (Profit Booking) on their old holdings.
He said that just as wise people book their profits by selling shares in the stock market when their prices rise, now is the time to show the same wisdom with gold also. This will bring big cash in the pockets of the common people and the foreign debt and economic pressure on the country will also reduce to a great extent.
Big demand for tax exemption from the government
To make this campaign successful, Firoz Aziz has also put forward a big proposal before the Central Government. He has demanded from the government that the Capital Gains Tax imposed for some time on the sale of old gold in the country should be completely removed. He believes that if the government gives this big relief in tax, then common people will come forward to sell the old gold of their homes without any hesitation. In the end, he appealed to the countrymen that every common citizen of the country can play a big role in making India’s economy the strongest in the world by making a small contribution.
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