AHMEDABAD, Jul. 23, 2023 (TBINN)
Households in India’s COVID-19 vulnerable districts allocated more Gold to their savings’ portfolio during the pandemic compared to households in other districts, as per a study conducted by the Indian Institute of Management Ahmedabad.
The shift towards Gold is accompanied by a shift away from other financial assets and cash, as per the I.I.M.A. working paper titled ‘Gold in household portfolios during a pandemic: Evidence from an emerging economy’.
The study, published on I.I.M.A.’s website on June 30, 2023 captured the variation in the intensity of crisis using two main indicators: COVID-19 cases per 1,000 population and satellite-based night-time lights intensity.
Add Comment