New Delhi, Feb. 24 -- Indian households are expected to continue investing in gold despite the boom in equity as an asset class as they consider the precious metal to be a store of value, according to a research report by brokerage firm Kotak Institutional Equities.

"Indian households will likely continue to see gold as a store of value, despite the rise of equity as an asset class," said the brokerage as gold purchases in the Indian market surged to high levels in the last three to four-year period.

According to Kotak data, Indian households purchased around $300 billion of gold between the financial year 2015 and the first eight months of the 2024-25 fiscal year.

Meanwhile, Indian households have made $194 billion of equity investmen...