This is a fascinating difference. While the Reserve Bank of India holds around 880 tonnes of gold as part of the official reserves, the real gold power lies with Indian families. According to the World Gold Council, Indian households collectively own a staggering 25,000+ tonnes of gold—mostly in the form of jewellery, often held by women. This huge private treasure acts as a giant emergency fund and financial safety net for the country. If even a fraction of this wealth were ever fully mobilized, it could genuinely offer massive support to the Indian economy in times of need.
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