Indian households have rebalanced their portfolios over the past three years, boosting exposure to gold while equity allocations remained largely unchanged, according to recent asset allocation data.
- Gold’s share rose from 15.4% in March 2023 to 24.2% in March 2026
- Equity allocation moved only marginally, from 5.6% to 5.7%
- The shift points to a growing preference for gold as a store of value, with equity participation staying subdued
Analysts note the change may reflect a preference for diversification and hedging against inflation or economic volatility, even as the broader investment framework for households remains cautious.
