$5 trillion in gold Why India feels richer but is not growing its wealth

A new report by Kotak Institutional Equities suggests that while rising gold prices are making households feel richer, they may not actually be helping long-term wealth creation or the broader economy. Despite gold holdings worth nearly $5 trillion, much of this wealth remains idle and unproductive. Rising gold investments are also pulling money away from the financial system, impacting liquidity and economic activity.