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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