Indian households are estimated to hold around 34,600 tonnes of gold, valued at about $3.8 trillion which is roughly 88.8 per cent of the country's GDP. With gold prices touching new highs, this massive holding is giving a positive boost to household wealth and balance sheets across the country, ANI citing Morgan Stanley report.

Gold is running at its life time high value of Rs 1,23,677 per 10 grams, trading around Rs 1,21,350 with a 0.43 per cent high, as per the data of MCX. Whereas, "In International market it is trading around $4,056 per ounce, with domestic with domestic prices also reaching record levels of around Rs 127,300 per 10 grams. Year to date, gold prices have risen by 54.6 per cent in US dollar terms and 61.8 per cent in INR terms," ANI citing the data of Morgan Stanley re

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