Best Gold Stocks India – Step-By-Step Guide to Invest In Gold Stocks

Gold has been an essential part of the Indian culture and economy. With a prestigious history of being called the (bird of gold), India has been the centre of the gold trade for centuries. The importance of gold in Indian history can be accounted to the numerous benefits of gold. Its lustrous yellow shine, anti-corrosion qualities, easy trading, and religious importance are some of the crucial reasons why Indian consumers have considered gold and nowadays even gold stocks a primary investment avenue. 

However, with time changing so quickly, investors now have new-age methods of investing in gold. Gold Stocks, ETFs, mutual funds, gold bonds, and even digital gold are the new faces of gold investing. Investors in India have traditionally been fond of buying and holding physical gold for long periods to earn returns and hedge their risks. However, times have changed, and investors and traders are now shifting towards newer methods like best gold stocks. 

If you don’t want to miss out on a substantial return through investing in gold stocks, keep reading the blog below and simplify your investment journey. 

Best Gold Stocks List In India To Buy For 2025

*Data updated as of 18th March 2025 

What are Gold Stocks? – A Brief Introduction

Gold stocks in India are equity shares of listed companies which are engaged in the gold mining business or in further refinement and processing of gold. Best gold stocks represent corporations that form part of the old supply chain. 

These equity shares offer a convenient and indirect way of investing in gold.  It is because unlike physical gold, investing in the best gold stocks allows you to earn returns connected to the spot price of actual gold using low capital and high liquidity.

Gold shares or gold stocks are preferred by investors because these equities gold investing is easy and accessible to investors. Also, the best gold stocks in India, allows investors to diversify their portfolio across the gold supply chain companies leading to risk mitigation. 

Overview of 5 Best Gold Stocks In India (As Per Market Cap)

Titan Company Ltd.

Titan Company Limited was founded in 1984 as the outcome of the Joint Venture between Tata Group and Tamilnadu Industrial Development Corporation Limited (TIDCO). Today, the organisation is one of the leading brands in the integrated lifestyle space. 

Titian Company Limited started its Jewellery business with the launch of Tanishq in 1994. It is the premium jewellery line of Titan Company Limited, which was followed by the launch of the luxury line under the brand Zoya. Further, it acquired Carat Lane in 2016 to foray into the e-commerce sector. 

As per the annual report for FY 2023-24 of Titan Company Ltd., the jewellery division of the company experienced a 20% revenue growth during the period. In FY 2023- 24, Titan launched 67 Mia stores – their mid-market jewellery brand, 56 Tanishq stores, 50 Carat Lane stores and 1 Zoya stores. In the same period, the revenue of the jewellery division was ₹38,352 crores, and EBITDA was recorded at ₹ 4,726 crores. 

Kalyan Jewellers India Ltd. 

Kalyan Jewellers was started in 1993 in Thrissur, Kerala. Kalyan Jewellers specialises in wedding jewellery and is primarily known for its traditional designs in gold, diamonds, precious stones and other precious metals. 

As per the company’s annual report for FY 2023 – 24, it has an aggregate retail space of 7,00,000+ square feet of showroom retail space in India, which accounts for 86 % of its total number of showrooms. The rest, 14 %, are concentrated in the middle east.

The revenue of Kalyan Jewellers Limited in FY 24 was recorded as 1,85,483 million, and EBITDA in the same year was  13,127 million rupees. The PAT of the company for FY 2023 -24 was closed at 5,963 million with a PAT margin of 3.2 %.

PC Jeweller Ltd. 

PC Jewellers Limited was started with a showroom in Karol Bagh, Delhi, in 2005. The company is engaged in the business of trading, manufacturing, and selling of gold, diamonds, precious stones, gold and diamond studded jewellery, as well as silver articles. Some of the famous jewellery ranges of the company include Anant, Dashavatar, Bandahan, Amour, Wedding Collection, Animal Collection, and many more.

As per the company’s annual report, its FY 2023-24 revenue was 189.45 crores, and the net loss was (649.27) crores. As of 31st March 2024, Kalyan Jewellers has 60 showrooms, including 6 franchise showrooms along with 4 manufacturing units covering 12 states and 3 union territories. 

P N Gadgil Jewellers Ltd. 

P N Gadgil Jewellery Limited is one of the oldest jewellery brands in Maharastra. It is a six-generation old brand that commenced its operations in 1832. The company became a public company in 2017. 

As per the annual report of the company for FY 2023-24, it marked a turnover of 84,435.79 million with an EBITDA of 2,250.47 million. The profit of PN Gadgil Jewellers Limited for the same period was 1,356.12 million. 

Thangamayil Jewellers Ltd.

Thanamayil Jewellers Limited commenced its operations under the brand name of “Balu Jewellery” in Madurai in the period before 2000. The company business is primarily divided into four product lines: Gold, Silver, Diamonds, and Platinum, with gold being the major source of its income. 

As per the company’s annual report, the company did a revenue of 3,28,678 lakhs in FY 2024 with a profit after tax (PAT) of 12,324 lakhs. In the same period (FY 2023-24), Thangamayil Jewellers Limited has a portfolio of 58 branches in total, out of which 8 are in own property and the remaining 50 are lease properties. 

Physical Gold VS Other Gold Investments 

As mentioned above, there are various ways to invest in gold today. To know more about the new investment opportunities, read the below points: 

Physical Gold  

It is the most common and conventional method of gold investing known to investors. Physical gold includes tangible possessions such as coins, bars, and jewellery. Buying and holding these gold forms is a common strategy for investors to earn substantial returns and diversify their investments. 

Gold Stocks 

Best gold stocks in India represent companies that are involved in the business of manufacturing, distribution, and selling of gold jewellery and other related ornaments. Gold stocks are a well-known method of investing in gold. However, gold shares are an indirect but less capital-intensive method of investing and earning returns from the increasing prices of gold. 

Gold ETFs 

Gold Exchange-Traded Funds (ETFs) are investment vehicles that allow you to invest in physical gold in a dematerialised form. Through Gold ETFs, you can invest and trade gold bullion on the stock market using very low capital.

Factors Affecting Gold Stocks Investing In India 

Input Cost

Gold mining is extensively impacted due to the fluctuating cost of raw materials and production. Increasing production costs decrease the top and bottom lines of underlying companies of best gold stocks in India. Thus, variation in prices of raw materials, labour, and input costs brings simultaneous changes in gold stocks prices in India. 

Economic Factors 

Macroeconomic factors such as interest rate, gold reserves, economic growth, deflation and inflation are determining factors of gold stocks prices in a nation. As the prices of physical gold change due to the events mentioned above, the performance of gold shares also varies accordingly. 

Regulatory Risks 

Since gold is such a precious metal with huge global demand, many countries implement measures to regulate gold mining and production to curb black market operations, as well as other forms of corruption and environmental degradation. These regulations affect the supply of gold, which influences the performance and price of the best gold stocks in India. 

Company’s Financial Position

One of the most important factors to consider before investing in gold stocks is the financial health of a gold stock company in India. Revenue, profits, assets and liabilities and cash flow status are crucial financial metrics that directly impact gold stocks prices. 

Benefits of Investing in Best Gold Stocks in India

Diversification 

Gold stocks offer superior diversification benefits as these equity shares form part of the commodity segment. As a commodity, gold behaves oppositely as compared to other financial markets such as the stock and debt market.  Hence, gold shares move differently relative to general market trends, providing diversification coverage for your portfolio. 

Inflation Hedge 

It has been established long enough that gold has provided substantial returns in the long term, which has enabled investors to beat inflation. Thus, gold shares offer a good opportunity for investors to invest indirectly in companies that are involved in gold mining or jewellery manufacturing and distribution and create a hedge against the inflation rate prevailing in the economy. 

Safe Heaven Benefit

Gold has always been called the safe haven of investment because it has performed exceptionally well during significant economic downturns. When other financial markets experience turmoil, gold stocks prices are usually stable. These attributes make the best gold stocks in India a preferred investment for investors. 

Convenience 

Investing in physical gold can be a cumbersome task, leading to fear of theft or misplacing your gold. However, gold shares in India are a modern and convenient way to enjoy the benefit of rising gold prices without holding physical gold. Also, best gold stocks are highly liquid and enable easy buying and selling in markets.

Low Capital Investment

Best gold stocks in India offer a unique preposition of earning returns from gold price appreciation without deploying large amounts of capital. It enables investors to maintain a low risk profile and generate significant returns from gold stocks investing. 

How To Invest in Gold Stocks in India? 

To invest in the best gold stocks in India, firstly, you must first ensure that you have an active demat account. If you don’t have one, then you can use univest to open a demat account to invest in the best gold shares. 

Once the demat accounting procedure is complete, conduct thorough research on the gold industry to choose the best gold stocks to invest in India. After identifying the right stock, place a buy order for the chosen gold shares through your demat account. 

Now, ensure that if you want to generate long-term wealth and earn substantial returns, then you must stay invested in these gold stocks for a long-term investment horizon.

Keep tracking your portfolio regularly to make necessary modifications by buying or selling gold stocks to enhance your portfolio’s return and performance over the long term. 

Risks of Investing in Best Gold Stocks in India

Environmental Risks 

Mining of gold for further refining and conversion to jewellery results in the degradation of mineral resources such as land and water. Thus, mining companies have to deal with environmental restrictions, which increase their cost of production. It also leads to a decrease in the prices of the best gold stocks in India due to increased cost and reduced profits.  

Currency Risk

Fluctuations in currency rates affect the prices of physical gold internationally, leading to significant changes in the financial health of gold stocks companies. Such change brings simultaneous impacts in the performance and gold stocks prices in India.

Company Specific Risks 

Besides, the macro risk factors like the performance of best gold stocks companies in terms of their financial stability, profitability, company image and balance sheet status directly impact gold-stock prices in the long term. For example, unfavourable news about the underlying organisation of gold stocks in India can create a negative mindset among investors, leading to extensive price depletion.

Geopolitical Unstability 

Gold stocks are significantly impacted by geopolitical movement globally because India is a big importer of gold. Threat or occurrence of armed wars, trade wars, or political tension impacts the global gold supply chain leading to disruption in gold stock prices.

Who Should Invest in Gold Stocks in India?

The lustrous shine, growing and dynamic demand, and long-term return, has made gold shares an indispensable part of investors’ portfolios. However, finding these shares to invest in can be challenging because even the best gold stocks do not guarantee profits and carry their own set of risks.

Typically, the best gold stocks in India are suitable for investors familiar with the commodity markets, especially with the behaviour of gold stock prices. This is because gold does not behave in a manner similar to other financial assets like equities and bonds; therefore, if you are not familiar with the workings of gold during different investment cycles, you must be cautious before investing in the best gold shares. 

Secondly, the best gold stocks offer good returns when gold prices experience price surges in the long term. Therefore, investors who have proper patience and a long-term investment horizon must invest in the best gold stocks in India. 

Wrapping UP

• Gold mining stocks, or the best gold stocks in India, represent equity shares of companies engaged in the business of mining and extracting gold and further selling and marketing gold jewellery to customers. 
• Today, there are many ways to invest compared to the traditional method of buying physical gold. Now, investors can choose to invest in gold ETFs, digital gold or gold shares in India. 
• Gold stocks investing offers various benefits, such as diversification, wealth creation, and inflation hedging. 
• Gold investments are also known as the safe haven because they act as a hedge against economic downturns and keep the investor’s money safe. 

FAQ on Best Gold Stocks in India

1. Which are the best gold stocks to buy in India? 

The best gold shares list in India as per return on equity (ROE)

*Data updated as of 18th March 2025

2. Can I buy gold stocks?

Yes, you can buy gold stocks through your demat account. You must place a buy order for the desired quantity of the best gold stocks at the right price. 

3. What are GOLD ETFs? 

Gold Exchange Traded Funds (ETFs) are investment vehicles similar to mutual funds, which allow you to invest in gold without holding it in its physical form. Unlike mutual funds, GOLD ETFs can be traded on the stock market like equities, providing higher liquidity and diversification. 

4. Which gold shares pay the highest dividend? 

*Data updated as of 18th March 2025

5. Are the best gold stocks risky to invest in?

Even when gold is considered a safe haven for investment, which makes best gold stocks an appealing investment opportunity, it carries some risks that must be taken into account before investing. Some of the risks involved in investing in gold stocks are volatility, geopolitical, and interest rate risks. 

6. Are Gold shares good investments?

The rising historical price of gold has uplifted the fact that gold shares have provided substantial returns over the long term to its investors. Gold shares have turned out to be a wealth creator over long term investment horizons as the spot gold prices have  seen significant surge in prices. 

7. What are gold stocks in India? 

Gold stocks in India refer to shares of those companies which are engaged in the business related to the gold supply chain. It means the best gold stocks are tradable equities of listed corporations which are involved in gold mining, processing, refining, and manufacturing and selling of gold jewellery in India. 

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Disclaimer: This is for general information and education purposes only. The Securities quoted (if any) are for illustration only and are not recommendatory. Past performance does not guarantee any future returns. Investments in the securities market are subject to market risks. Read all the related documents carefully before investing.