IME Life New

Indians have more gold than the country’s GDP

SPIL
Global College
Nepal Life New

Kathmandu. With the price of gold in the international market, the total value of gold in the house of Indians has crossed $ 5 trillion. This is more than India’s total GDP of $ 4.1 trillion.

According to a report by Morgan Stanley, about 34,600 tonnes of gold is stored in the homes of Indians. In the international market, gold is trading at $ 4,500 per ounce.

Esewa
Crest

According to the International Monetary Fund (IMF), India’s GDP is currently about $ 4.1 trillion. This means that the total value of gold in the homes of Indians is more valuable than the entire economy of the country.

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