Indians still fancy gold, land, says study

According to the study, individual wealth in physical assets stood at Rs.132 lakh crore, having grown 10.32 per cent in FY16 compared to a two per cent decline in FY15. Gold accounted for 49.83 per cent share among physical assets, followed by real estate at 41.94 per cent and diamonds at 6.07 per cent.

Indians still fancy gold, land, says study

Indian's physical wealth = 132 lakh crore with gold accounting to 49.83% of this.
Using today's price this equates to 26,536.53 tonnes of gold being held in India that is accounted for.