Indian deposits in Swiss banks jumped more than threefold in 2024 to ₹37,600 crore, according to Swiss National Bank data. However, less than 10% belongs to individuals — the surge is largely driven by corporate, institutional, and fiduciary holdings, not black money.
In a historic financial development, gold prices in India have surged past ₹1,00,000 per 10 grams for the first time ever. The rise is fueled by global economic uncertainty, a weakening rupee, and sustained investor demand, sparking both concern and interest among consumers and investors.
