Indian women collectively own an astonishing 24000 tons (24 million kilograms) of gold surpassing the gold reserves of several countries including major economies like the United States and China. According to a report by the World Gold Council (WGC) the gold owned by Indian women accounts for approximately 11% of the world’s total gold reserves. In India gold holds immense cultural and traditional value. Whether it’s Dhanteras Akshaya Tritiya or weddings purchasing gold is considered auspicious. Indian women not only cherish wearing gold jewelry but also actively invest in it. Gold Reserves: India VS World Indian women’s gold holdings exceed the combined reserves of the top six gold-holding countries in the world. Here’s a look at gold reserves in key countries: United States: 8133 tons Germany: 3354 tons Italy: 2452 tons China: 2264 tons India (Central Bank): Over 850 tons Indian women’s gold primarily in the form of jewelry outpaces these reserves significantly. State With Highest Gold Ownership A significant portion of this gold 40% is owned by women in southern India with Tamil Nadu alone accounting for 28%. Is Gold Dead Asset? While some experts consider gold stored in households or bank lockers a dead asset due to its lack of interest or dividend yields others view it as an important and valuable resource. During financial crises gold often acts as a safety net for families. Gold Prices and Market Trends Currently gold prices are over Rs 77000 per 10 grams on the MCX. In the past month prices have seen significant fluctuations even surpassing Rs 80000 per 10 grams around Diwali. However prices declined after Donald Trump’s election victory in the US as his policies aimed to strengthen the dollar. Market analysts predict that gold prices could rise again in the coming days. The scale of these holdings showcases India’s enduring bond with gold making it a unique phenomenon in the global context.