GOLD INVESTMENT IN INDIA

India’s ultra-high-net-worth individuals (UHNIs) allocated 6% of their total investable wealth in the gold last year.
In 2022, the average UHNI wealth allocation in gold was 3% globally and 4% in the Asia-Pacific region.
Indian UHNIs have stepped up gold allocation from 4% in 2018. This is because gold has delivered returns of over 69 percent in the past 5 years. The
Pandemic resulted in a low interest rate and an easy liquidity strategy adopted by central banks gave a massive push to prices.
In the wake of uncertainties in the global economic landscape, consumers resorted to allocating incremental capital to assets that offer stability and serve as a hedge against inflation.

HIGH-NET-WORTH INDIVIDUAL (HNWI)

A high-net-worth individual is somebody with at least $1 million in liquid financial assets.
HNWIs are in high demand by private wealth managers because it takes more work to maintain and preserve those assets.
The United States had the most HNWIs in the world in 2021, with more than 7.4 million people
A very-high-net-worth individual has a net worth of at least $5 million while an ultra-high-net-worth individual is defined as having at least $30 million in assets.

SOURCE: THE HINDU, THE ECONOMIC TIMES, PIB

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