New Delhi [India], October 27 (ANI): The recent surge in gold prices has significantly increased the net worth of Indian households but has not translated into a corresponding rise in consumption, according to a report by Systematix Research.

The report highlighted that while the sharp rise in gold prices has boosted household wealth on paper but it does not appear to be a catalyst for a broad-based consumption surge.

It stated, " Gold prices have significantly increased household net worth in India, it does not appear to be a catalyst for a broad-based consumption surge".

The report also mentioned that historical and empirical evidence shows that consumption in India is primarily driven by real income growth, which has remained subdued in recent years, particularly in the post-COVI

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