List of Gold Stocks in India 2025
With gold prices at an all-time high, investing in top gold stocks in India can help you diversify your investment portfolio and enhance its wealth-creation potential. However, as with any market-linked investment option, even the best gold stocks in India carry risks. Fortunately, you can minimise the risks to a certain extent by ensuring you choose the right companies.
To make your stock selection process more seamless, here is an extensive gold stocks list in India featuring all of the companies in this sector along with their key fundamental metrics.
Top 50 Gold Stocks to Buy in India 2025
Sr.No. | Company Name | CMP (February 04, 2025) | Market Capitalization (Rs. in Crores) | PE Ratio | Return on Equity (%) | Debt to Equity |
1 | 3599.15 | 319,528 | 98.71 | 33.00 | 1.41 | |
2 | 2238.40 | 89,864 | 19.21 | 19.10 | 2.72 | |
3 | 186.65 | 5,511 | 143.97 | 2.24 | 0.04 | |
4 | 205.45 | 17,390 | 7.70 | 20.75 | 2.91 | |
5 | 272.45 | 4,530 | 32.19 | 10.44 | 0.09 | |
6 | 565.90 | 58,369 | 87.80 | 15.26 | 0.79 | |
7 | 542.90 | 5,798 | 61.47 | 14.95 | 0.00 | |
8 | 170.05 | 1,823 | 24.51 | 6.81 | 0.45 | |
9 | 1874.75 | 5,144 | 53.94 | 27.95 | 0.95 | |
10 | 756.80 | 1,211 | 16.75 | 5.26 | 0.49 | |
11 | 14.97 | 8,740 | 24.19 | -19.06 | 1.39 | |
12 | 1826.75 | 4,130 | 49.69 | 29.47 | 0.67 | |
13 | 186.60 | 1,245 | 19.74 | 9.37 | 0.89 | |
14 | 103.95 | 1,227 | 21.20 | 20.62 | 0.19 | |
15 | 6.89 | 179 | 28.09 | 7.06 | 0.00 | |
16 | Atlas Jewellery India Ltd. | 9.27 | 93 | 61.14 | -3.05 | 0.00 |
17 | Kanani Industries Ltd. | 2.56 | 51 | 191.15 | 0.98 | 0.09 |
18 | Penta Gold Ltd. | 9.15 | 12 | 0.00 | 0.20 | 3.22 |
19 | Ashapuri Gold Ornament Ltd. | 8.01 | 267 | 23.65 | 8.61 | 0.02 |
20 | Uday Jewellery Industries Ltd. | 152.70 | 345 | 34.89 | 12.17 | 0.31 |
21 | SM Gold Ltd. | 18.54 | 19 | 19.49 | 6.23 | 0.76 |
22 | Moksh Ornaments Ltd. | 15.01 | 126 | 16.63 | 11.55 | 0.86 |
23 | Sky Gold Ltd. | 364.70 | 5,350 | 49.50 | 24.04 | 1.25 |
24 | Goenka Diamond and Jewels Ltd. | 0.94 | 30 | 0.00 | -1.20 | 0.75 |
25 | Narbada Gems And Jewellery Ltd. | 63.16 | 134 | 28.99 | 10.80 | 0.49 |
26 | Darshan Orna Ltd. | 2.94 | 15 | 8.68 | 6.28 | 0.00 |
27 | Golkunda Diamonds & Jewellery Ltd. | 224.30 | 156 | 11.25 | 19.33 | 0.73 |
28 | Sagar Diamonds Ltd. | 15.78 | 20 | 0.00 | -106.20 | 0.01 |
29 | Swarnsarita Jewels India Ltd. | 36.87 | 77 | 10.61 | 3.99 | 0.88 |
30 | SILGO Retail Ltd. | 38.76 | 72 | 20.34 | 7.43 | 0.13 |
31 | Patdiam Jewellery Ltd. | 291.75 | 126 | 20.40 | 10.89 | 0.05 |
32 | Kenvi Jewels Ltd. | 3.82 | 48 | 70.58 | 4.71 | 0.58 |
33 | Laxmi Goldorna House Ltd. | 564.40 | 1,178 | 71.58 | 24.53 | 1.16 |
34 | Orosil Smiths India Ltd. | 4.05 | 17 | 0.00 | -55.21 | 0.00 |
35 | Veeram Securities Ltd. | 10.76 | 81 | 26.01 | 11.82 | 0.00 |
36 | Lypsa Gems & Jewellery Ltd. | 7.00 | 21 | 0.00 | -68.41 | 0.19 |
37 | Zodiac-JRD-MKJ Ltd. | 68.14 | 35 | 0.00 | -2.01 | 0.00 |
38 | Bhakti Gems & Jewellery Ltd. | 14.74 | 22 | 37.77 | 3.86 | 0.07 |
39 | Kkalpana Plastick Ltd. | 25.48 | 14 | 586.95 | -0.59 | 0.00 |
40 | Midas Infra Trade Ltd. | 1.15 | 14 | 0.00 | -9.12 | 0.89 |
41 | Gautam Gems Ltd. | 4.57 | 21 | 178.57 | 1.02 | 0.08 |
42 | Shukra Jewellery Ltd. | 15.00 | 20 | 54.88 | 0.16 | 0.02 |
43 | Sovereign Diamonds Ltd. | 48.78 | 28 | 76.51 | 8.52 | 0.68 |
44 | UH Zaveri Ltd. | 12.89 | 13 | 0.00 | 5.91 | 0.00 |
45 | Rajnish Retail Ltd. | 10.80 | 214 | 135.63 | 1.20 | 0.00 |
46 | Mini Diamonds (India) Ltd. | 135.05 | 318 | 54.74 | 28.67 | 1.68 |
47 | Shukra Bullions Ltd. | 30.94 | 16 | 66.89 | 1.11 | 0.00 |
48 | Deep Diamond India Ltd. | 5.81 | 28 | 31.51 | 2.04 | 0.08 |
49 | Neogem India Ltd. | 3.63 | 3 | 0.00 | -13.14 | 3.15 |
50 | Sunraj Diamond Exports Ltd. | 12.61 | 7 | 0.00 | -15.94 | 17.68 |
Top 5 Gold Stocks to Buy in India 2025
Titan Company Ltd. is one of the best gold stocks in India, known for its extensive presence in the precious jewellery segment through its flagship brand, Tanishq. The company operates a robust retail network and continues to expand its market share.
With a strong return on equity (ROE) of 32.90% and a high return on capital employed (ROCE) of 22.70%, Titan remains a fundamentally sound entity in the gold stocks list in India. The company’s expansion in premium jewellery and international markets, coupled with innovative product offerings, positions it for sustained growth.
Key Financials of Titan Company Ltd. as of February 05, 2025 | |||||
Market Capitalization (Rs. in Crores): | 310,472 | Face Value: | 1 | EPS (Rs.): | 36.50 |
Book Value: | 110 | ROCE (%): | 22.70% | Debt to Equity: | 2.22 |
Stock PE: | 96.00 | ROE (%): | 32.90% | Dividend Yield (%) | 0.33% |
Revenue (Rs. in Crores): | 51,084 | Earnings (Rs. in Crores): | 3,496 | Cash (Rs. in Crores): | 1,758 |
Total Debt (Rs. in crores): | 15,528 | Promotor's Holdings (%): | 52.90% | ||
Muthoot Finance Ltd. is India’s largest gold loan provider, serving millions of customers seeking short-term liquidity against physical gold. As a key player in the financial sector, it holds a pivotal spot among the top gold stocks in India.
In terms of financial performance, the company seems promising with a robust EPS of Rs. 110.00 as of February 5, 2025. Muthoot Finance also demonstrates good efficiency in generating revenue as evidenced by its ROE of 17.90%. Since the company benefits from rising gold prices and increasing demand for credit, it appears to be a strong investment option in the best gold stocks in India category.
Key Financials of Muthoot Finance Ltd. as of February 05, 2025 | |||||
Market Capitalization (Rs. in Crores): | 90,865 | Face Value: | 10 | EPS (Rs.): | 110.00 |
Book Value: | 640 | ROCE (%): | 13.20% | Debt to Equity: | 2.82 |
Stock PE: | 20.60 | ROE (%): | 17.90% | Dividend Yield (%) | 1.07% |
Revenue (Rs. in Crores): | 12,635 | Earnings (Rs. in Crores): | 4,050 | Cash (Rs. in Crores): | 6,614 |
Total Debt (Rs. in crores): | 72,343 | Promotor's Holdings (%): | 73.40% | ||
Manappuram Finance Ltd. is a major non-banking financial company (NBFC) offering gold loans, microfinance and vehicle loans. Its strong foothold in the gold loan sector makes it one of the best gold stocks in India.
The company boasts an attractive PE ratio of 7.77 and a dividend yield of 1.66%, making it a good choice for long-term investors looking for stability. A high ROE of 20.60% and efficient ROCE of 13.80% further strengthen Manappuram Finance’s investment appeal among the gold stocks list in India.
Key Financials of Manappuram Finance Ltd. as of February 05, 2025 | |||||
Market Capitalization (Rs. in Crores): | 17,521 | Face Value: | 2 | EPS (Rs.): | 26.70 |
Book Value: | 148 | ROCE (%): | 13.80% | Debt to Equity: | 3.12 |
Stock PE: | 7.77 | ROE (%): | 20.60% | Dividend Yield (%) | 1.66% |
Revenue (Rs. in Crores): | 8,848 | Earnings (Rs. in Crores): | 2,197 | Cash (Rs. in Crores): | 4,940 |
Total Debt (Rs. in crores): | 39,148 | Promotor's Holdings (%): | 35.20% | ||
Kalyan Jewellers is a leading jewellery retailer with a growing presence in both domestic and international markets. Its focus on quality, branding and customer trust positions it as one of the top gold stocks in India.
As far as financial performance is concerned, the company’s ROCE stood at 14.00% and its ROE at 15.20%. Despite its high valuation, Kalyan’s aggressive retail expansion, online jewellery initiatives and rising disposable incomes in India make it a compelling long-term investment among the best gold stocks in India.
Key Financials of Kalyan Jewellers Ltd. as of February 05, 2025 | |||||
Market Capitalization (Rs. in Crores): | 59,044 | Face Value: | 10 | EPS (Rs.): | 6.45 |
Book Value (Rs.): | 42.30 | ROCE (%): | 14.00% | Debt to Equity: | 1.04 |
Stock PE: | 89.00 | ROE (%): | 15.20% | Dividend Yield (%) | 0.20% |
Revenue (Rs. in Crores): | 18,548 | Earnings (Rs. in Crores): | 596 | Cash (Rs. in Crores): | 1,047 |
Total Debt (Rs. in crores): | 4,550 | Promotor's Holdings (%): | 62.80% | ||
Goldiam International Ltd. is a renowned manufacturer and exporter of gold and diamond jewellery. Its focus on innovation and craftsmanship has earned it a spot in the gold stocks list in India.
With a market capitalisation of Rs. 5,696 crores as of February 5, 2025, and a low debt-to-equity ratio of 0.01, Goldiam stands out as a financially prudent company. As the rise in global demand pushes physical gold prices upward, Goldiam’s export-driven business model ensures steady revenue. The company’s high ROCE of 19.80% positions it among one of the best gold stocks in India for 2025.
Key Financials of Goldiam International Ltd. as of February 05, 2025 | |||||
Market Capitalization (Rs. in Crores): | 5,696 | Face Value: | 2 | EPS (Rs.): | 8.85 |
Book Value: | 62.6 | ROCE (%): | 19.80% | Debt to Equity: | 0.01 |
Stock PE: | 60.40 | ROE (%): | 14.90% | Dividend Yield (%) | 0.22% |
Revenue (Rs. in Crores): | 603 | Earnings (Rs. in Crores): | 91 | Cash (Rs. in Crores): | 173 |
Total Debt (Rs. in crores): | 5 | Promotor's Holdings (%): | 62.40% | ||
Importance of Gold in Investment Portfolios
Gold has always been a valuable asset for investors. It provides stability and diversification to investment portfolios. Here are some reasons why the precious metal is widely considered to be a crucial investment option.
Inflationary Hedge
Gold has historically been a strong hedge against inflation and has preserved purchasing power even when currency values decline. Investing in the best gold stocks in India allows investors to benefit from rising physical gold prices while participating in the profitability of established gold-related companies.
Portfolio Diversification
Adding top gold stocks in India to an investment portfolio enhances diversification by reducing overall risk. By selecting companies from the gold stocks list in India, investors can spread their capital across different sectors while maintaining exposure to the stability of gold.
Long-Term Wealth Creation
Investing in top gold stocks in India provides a strategic avenue for long-term wealth creation. Gold stocks tend to perform well in the long term and during periods of economic uncertainty. This makes them a valuable asset for investors looking to build a resilient portfolio over time.
Investment Strategies for Gold Stocks
If you are planning to invest in entities from the gold stocks list in India, careful planning and strategic decision-making is essential to maximise returns. By choosing the right companies, you can build a robust portfolio that balances risk and reward. Here are some investment strategies that you can follow when investing in some of the best gold stocks in India.
Conduct Thorough Research
As an investor, you must extensively analyse the gold stocks list in India to identify companies with strong fundamentals, stable earnings and growth potential. Evaluating financials, management efficiency and market trends can help you make informed investment decisions.
Diversify Across Gold Stocks
As you may already know, a well-diversified portfolio mitigates risk and enhances stability. By investing in top gold stocks in India across different segments such as mining, refining and financing, you can reduce exposure to market fluctuations while benefiting from multiple revenue streams within the gold industry.
Monitor Market Trends and Economic Indicators
Gold prices are influenced by several factors. These include inflation, interest rates and global economic conditions. Keeping track of these factors can help you strategically enter or exit positions in the best gold stocks in India at the right time.
Adopt a Long-Term Perspective
Gold stocks can be volatile in the short term but offer substantial long-term value. If you plan to invest in entities from the gold stocks list in India, consider adopting a long-term investment horizon to maximise returns through capital appreciation and dividends.
How to Choose the Best Gold Stocks for Investments
Selecting the top gold stocks in India requires a thorough assessment of key financial metrics, industry positioning and future growth potential. Here are certain key factors you must focus on when evaluating gold stocks.
Analyse Financial Strength and Profitability
Evaluating the financial health of companies forming the best gold stocks in India list ensures that you choose stable businesses with consistent profitability and growth potential. When evaluating companies, focus on key metrics such as revenue growth, earnings per share and return on equity.
Assess Debt Levels and Management Efficiency
A company’s debt-to-equity ratio and return on capital employed (ROCE) indicate its financial stability and efficiency. Investing in entities from the gold stocks list in India with low debt and high ROCE could potentially reduce investment risk.
Consider Market Position and Competitive Advantage
Companies with strong brand recognition, extensive distribution networks and innovative strategies tend to outperform, especially in the long run. By evaluating these factors, you can easily identify top gold stocks in India with sustainable competitive advantages and long-term profitability.
Evaluate Dividend Yields and Long-Term Returns
Stocks that offer consistent dividends and long-term value appreciation are ideal for wealth generation. By choosing companies from the gold stocks list in India with a strong track record of dividends and long-term returns, you can build a resilient and rewarding investment portfolio.
Risks Associated with Investing in Gold Stocks
While gold stocks present lucrative investment opportunities, they are not without risks. As an investor, you must be aware of the following potential challenges.
Market Volatility
Gold stocks are heavily influenced by physical gold prices, which can be volatile due to geopolitical tensions, inflation and currency fluctuations. When selecting entities from the gold stocks list in India, you must be prepared for price swings and use risk management strategies to protect your investments.
Regulatory and Policy Risks
Government policies on mining, gold imports and taxation can impact the profitability of gold companies. Therefore, when evaluating top gold stocks in India, you must stay updated on regulatory changes to assess how they might affect company operations and overall returns.
Liquidity and Market Conditions
Not all gold stocks offer high liquidity, which can make buying and selling shares challenging, especially during market downturns. As an investor, you must ensure that you choose entities from the gold stocks list in India based on trading volumes and market trends to ensure they have enough liquidity.
Conclusion
Gold stocks in India continue to be a strong investment option, driven by rising demand and economic uncertainties. The Indian gold market is expected to grow steadily, with the World Gold Council (WGC) projecting India’s gold demand to reach 700–800 tonnes annually by the end of 2025. As gold prices trend upwards due to global inflation concerns, the best gold stocks in India are likely to benefit in the near future.
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