From Google:
The latest figures show Indian families hold approximately 27,871 tons of gold, valued at over $1.5 trillion. This estimate dramatically exceeds the World Gold Council’s July 2023 report that pegged household gold at 25,000 tons.
Let me clarify here that this does not include the temple gold of India which shall be many many times more than the domestic gold held in our families.
https://finance.yahoo.com/news/indias-3-8-trillion-gold-181235837.html
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Surprised by the world headlines screeching that the whale called India swallowed 6000 tons of silver in 2025. Correction: this is annual silver consumption by India for years. In fact in 2022 or 2023, India bought a whopping 7000-8000 tons of silver. Precious metals such as gold and silver are traditionally hoarded by Indian homes along with gems such as diamonds, rubies etc. In fact during a wedding, mostly the brides get entire puja articles in silver as gift from parents. Son-in-law is gifted a silver plate with side plate. Wealthy families have their entire dinner sets in silver. We the middle class mostly limit our silver collection to mere puja articles that may include big plates and flower baskets, apart from tumblers and bowls and cute little storage dabbas for haldi, kumkum etc. Not to leave out the Diyas. We ladies just love having our silver diyas. I got one for my Diya puja here too to middle east along with a smaller one. Some friends especially those with daughters have huge impressive collections of silver. Gold and silver are the real wealth of Indian homes. Its our family custom to invest in appreciable assets be it gold or silver or real estate. India’s hoarded gold is the hugest holding of gold in the world – not only in recent times. Its been so historically.
Our temples even today have tonnes and tonnes of gold, silver and diamonds that does not come into any calculation. This is why from turks to mugals, from British to the Portuguese came to India. Jan 5 by the way was the day Somnath temple was ransacked by Mohammed of Ghazni after a record 17 time failed attempts. The final time he razed the temple, breaking the Jyothirlinga to pieces and looting the temple gold. Over 50,000 Hindus sacrificed their lives fighting to protect one of the 12 Jyothirlingas (Shiva stals) of India. Exactly today PM of India Shri Narendra Modi ji, was at Somnath, as the temple completed 1000 years since 1026 January when it was ransacked and runover completely. Even the shattered pieces of the Jyothirlinga were zealously collected by the Hindus who have tried to reconstruct it recently. The Jyothirlinga of Somnath was a hanging one suspended in air. Can you imagine a levitating huge Shiva Linga in white colour stone? That was precisely Somnath since time immemorial. This stone is NOT FROM PLANET EARTH. To us this establishes already our Lord Shiva as master of the earth. Imagine now what kind of maniacs these marauders of India were to go for Somnath and destroy not only the holy shrine but also loot the temple of the wealth passed on for centuries. That very idea of Shiva/symbol of Hindu Dharma made the turks and mugals go mad that they wanted Somnath completely destroyed. At the base of this destruction also lay the greed for India’s gold. Even today so much looted Hindu wealth in gold and in sculptures lies with United Kingdom, as the British decamped with whatever the Mugals could not lay their hands on. India’s riches invited the marauders, the most violent of them, but then after centuries, see the condition of their native nations today – from Afghanistan to Uzbekistan.
Somnath is just one Hindu temple destroyed by barbaric invaders for our golds and riches. The idea was to batter the very Hindu civilization itself and make it into dust. Well, they failed. This January 1, 2026, this is how Lord Balaji/Venkateshwara of Tirumala gave darshan to thousands of Hindu devotees: all gold and diamonds. And He is a 6 foot deity!

Only ignoramus judge India without knowing about our basics or traumatic history.
I don’t mean the paper gold or paper silver like in the west. I mean the REAL PHYSICAL GOLD, PHYSICAL SILVER THAT INDIA HOLDS. Without physical gold/silver to back up, what are these jokers hoarding in paper.
https://www.brightdigigold.com/digital-gold-blog/the-magnificent-temples-of-india
Sadly, this is what we Indians are left with AFTER THE MUGAL LOOT, TURK LOOT, ETC. After our nation was torn apart for centuries. After the British looted whatever was left including the Kohinoor diamond that principally adorned the crown of Ma Badrakali of the Warangal temple in Andhra Pradesh. And you have these jokers in Pakistan claiming ownership of Kohinoor. But note: no Hindu great grandmothers of theirs taken into mugal harems.
You are talking about the world’s one and only CONTINUOUS AND UNBROKEN CIVILIZATION OF OVER 10,000 YEARS WHICH IS HINDU DHARMIC CULTURE. Our gold,silver and diamond must neither come as surprise nor shock. This is what we are. Landing on the dark side of the moon was not by fluke. It is what we have always been. India is now merely reassembling, reconstructing. We have been through a 1000 year trauma and even today we have CANCER right within that we are fighting to get rid of.
Without a sense of history or basic relevant knowledge, how the world media is making assessment on India’s gold/silver purchases is shocking. Acquired by fair, legal means. Not stolen.
From Google:
India has also historically been the largest consumer of silver jewelry and silverware by volume. Over the past five years, analysts estimate that Indian consumers, particularly low-income individuals in rural areas, have purchased approximately 29,000 tonnes of silver jewelry and 4,000 tonnes of silver coins.
Gold, silver and even diamonds are part of Hindu culture. As simple as that. This is the mark of the real OLD RICH understood? Old rich native nation.