Best Gold Stocks in India 2025 – Top Gold Companies to Invest

In India, gold is valued not only as a precious metal used in jewellery but also as a reliable investment asset. In 2025, with gold prices reaching all-time highs, gold stocks, i.e., shares of companies involved in the gold industry have gained significant popularity among investors. These stocks offer a unique advantage, as they are influenced not just by the price of gold but also by the individual growth and performance of the companies themselves.

In this blog, we discuss the best gold stocks in India, their key performance indicators along with benefits and risks of investing in them. 

What Are Gold Stocks?

Gold stocks are shares of companies that are directly involved in the gold business. These companies either mine gold, are engaged in refining and export, or are involved in jewellery manufacturing and retail business. In India, companies like Titan (Tanishq), Rajesh Exports, Kalyan Jewellers, MMTC and Senco Gold are the major gold stocks in this category.

Why is the demand for gold stocks increasing?

As gold prices have reached record levels in 2025, the demand for the best gold stocks in India has also increased rapidly. These stocks offer a dual advantage—benefiting from both the rising value of gold and the financial performance of the companies themselves. This is the reason why today’s smart investors are giving place to the stocks of the best gold companies in India in their portfolio instead of just buying gold.

Best Gold Stocks in India 2025

Company	Current Market Price (INR)	Market Capitalisation (in INR crore)	52-Week High (INR)	52-Week Low (INR)
Titan Company Ltd	3,471	3,08,151	3,867	2,925
Hindustan Zinc Ltd.	444	1,87,794	664	378
Muthoot Finance	2,678	1,07,513	2,703	1,670
Kalyan Jewellers	590	60,846	795	399
Manappuram Finance	272	23,044	285	138
MMTC Ltd	69	10,347	132	42.6
Rajesh Exports	198	5,837	332	151
Senco Gold Ltd.	362	5,918	772	227
Thangamayil Jewellery Ltd.	1,872	5,820	2,567	1,523
Vaibhav Global Ltd	239	3,987	353	178

A brief overview of the best gold stocks in India is given below:

1. Titan Company Ltd

Titan Company was established in 1984 as a joint venture between Tata Group and the Government of Tamil Nadu. It started with watches, but today this company is known for India’s most trusted jewelry brand Tanishq. Apart from this, brands like CaratLane, Fastrack and Mia are also part of its portfolio. Titan has constantly improved its design and quality keeping in mind the changing preferences of Indian consumers. Due to strong brand value and retail network spread across the country, this company is counted among the leading gold stocks in India today.

Know the Returns:

1Y Return (%)	3Y Return (%)	5Y Return (%)
6.70	48.42	225.14

Read Also: Titan Case Study

2. Hindustan Zinc Ltd

Hindustan Zinc Limited was founded in 1966 and is a subsidiary of the Vedanta Group. Its core business is zinc, lead and silver mining, but the company also extracts gold as a by‑product. It is the largest integrated zinc producer in India, and its mining operations are spread across Rajasthan. Hindustan Zinc’s production capacity, sustainable mining process and deep roots in the metals sector make it a strong and diversified gold stock option.

Know the Returns:

1Y Return (%)	3Y Return (%)	5Y Return (%)
-29.63	60.63	123.55

Read Also: Hindustan Zinc Case Study

3. Muthoot Finance Ltd

Muthoot Finance was started in 1939 when Mr. M.G. George Muthoot started a traditional money lending business. The Kerala based company has today become India’s largest gold loan NBFC. Muthoot’s trusted brand, deep penetration in rural and urban areas and simple loan process make it the first choice for millions of customers. Its tagline “Gold loan is good” has successfully given a new identity to gold based finance in India. Strong operations and brand value make it a top gold stock India.

Know the Returns:

1Y Return (%)	3Y Return (%)	5Y Return (%)
46.66	156.17	103.20

4. Kalyan Jewellers Ltd

Kalyan Jewellers was started in 1993 by T.S. Kalyanaraman in Thrissur, Kerala. Starting from a small store, today this company is running more than 200+ outlets in India and the Middle East. Kalyan is known for its diverse designs, traditional collections and transparency. The brand has built a strong connection with customers by having many Bollywood celebrities as its ambassadors. Its large presence in Tier-2 and Tier-3 cities of India makes it a strong gold company in India.

Know the Returns:

1Y Return (%)	3Y Return (%)	5Y Return (%)
11.68	811.65	698.85

5. Manappuram Finance Ltd

Manappuram Finance was started in 1949 in Valapad, a small town in Kerala. It was founded by V.C. Padmanabhan is a traditional money lending firm. Later his son V.P. Nandakumar transformed it into a professional NBFC. Today the company is one of the leading gold loan companies in India with thousands of branches spread across the country. With the power of technology and rural reach, Manappuram has made gold-based lending affordable and fast, making it a trusted gold stock in India.

Know the Returns:

1Y Return (%)	3Y Return (%)	5Y Return (%)
24.86	188.29	56.86

6. MMTC

Metals and Minerals Trading Corporation of India was established in 1963 by the Government of India. It is one of the oldest and largest foreign trading companies in the country. It has a deep involvement in the import-export of gold and silver. The company is considered a prominent name for gold bullion trading in India and is also associated with government projects. MMTC’s business is greatly affected by government policies, but its long-standing reputation still makes it an important gold stock in India.

Know the Returns:

1Y Return (%)	3Y Return (%)	5Y Return (%)
-21.31	76.10	255.82

7. Rajesh Exports Ltd

Rajesh Exports was founded in 1989 in Bengaluru and is today one of the largest gold processing companies in the world. The company controls the entire value chain from gold refining to jewelry manufacturing and retail. In 2015, it acquired the Valcambi refinery in Switzerland, further strengthening its international reach. Rajesh Exports is heavily focused on exports, and is also known for being a “zero debt” company. Its vertically integrated structure makes it a unique gold stock in India.

Know the Returns:

1Y Return (%)	3Y Return (%)	5Y Return (%)
-34.56	-66.17	-58.34

8. Senco Gold Ltd

Senco Gold is a traditional jewellery brand with roots in Kolkata and is especially popular in eastern India. It was started in 1994 and has been building a customer base in Bengal and surrounding states for a long time. The company is characterized by its regional design approach and middle class friendly pricing. It has recently been listed on the stock market and is now expanding its stores across India. Local experience and new expansion plans make it an emerging gold stock India.

Know the Returns:

1Y Return (%)	3Y Return (%)	5Y Return (%)
-24.11	67.42	67.42

9. Thangamayil Jewellery Ltd

Thangamayil Jewellery Ltd. was established in 2000 in Madurai, Tamil Nadu. The company is primarily engaged in the retail of gold, silver and diamond jewellery. Thangamayil has created a special identity among the customers of South India with its strong local connection and strategy of adding modernity to traditional designs. The company is known for its presence in tier-2 and tier-3 cities of Tamil Nadu, where its branches are continuously growing. The transparent business model and regional focus make it a unique place among the emerging gold stocks of India.

Know the Returns:

1Y Return (%)	3Y Return (%)	5Y Return (%)
9.58	254.70	1,113.48

10. Vaibhav Global Ltd

Vaibhav Global was founded in 1989 in Jaipur and focuses on jewellery designing and retailing in international markets. The company sells fashion jewellery in markets like the US and the UK through live TV and online channels. It operates on value-for-money products and a direct-to-customer model. The company has a limited presence in the domestic market but has made a mark in global retail. Its innovative retail approach and design-driven strategy make it a unique gold stock.

Know the Returns:

1Y Return (%)	3Y Return (%)	5Y Return (%)
-22.43	-23.15	-11.23

Key Performance Indicators (KPIs)

Company	Operating Margin (%)	Net Profit Margin (%)	ROE (%)	ROCE (%)	Debt to Equity
Titan Company Ltd	9.07	5.51	28.70	36.93	1.56
Hindustan Zinc Ltd.	43.22	30.37	77.69	63.24	0.80
Muthoot Finance	72.61	26.47	18.15	47.55	2.55
Kalyan Jewellers	5.26	2.85	14.88	20.88	0.20
Manappuram Finance	52.19	11.98	9.78	41.57	2.85
MMTC Ltd	4,346.46	2,584.75	5.08	6.75	0.00
Rajesh Exports	0.18	0.11	2.20	3.29	0.04
Senco Gold Ltd.	5.59	2.51	8.08	15.83	0.90
Thangamayil Jewellery Ltd.	4.09	2.41	10.76	16.60	0.68
Vaibhav Global Ltd	6.36	4.53	11.36	14.78	0.08

Smart Alternatives to Gold Stocks: Invest via ETFs & Gold Bonds

Investing in gold stocks can be lucrative, but if you want a safer or simpler option, gold ETFs and sovereign gold bonds (SGBs) are great options. These options are not only easy but also offer significant tax and liquidity benefits.

Gold ETFs: Gold ETFs (Exchange Traded Funds) are funds that track the price of gold. You can buy and sell them like shares in the stock market. They do not pose storage problems like physical gold and are linked to gold of 99.5% purity.

Benefits:

• You can own gold without having to own physical gold
• Completely liquid can sell whenever you want
• Investment with low expenses
• Can start with a small amount

Sovereign Gold Bonds (SGBs) : SGBs are issued by the Government of India and offer investors a 2.5% annual interest along with gold prices. These bonds have a tenure of 8 years and can be redeemed without capital gains tax.

Benefits :

• Gold returns along with interest income
• Tax relief (exemption from capital gains tax)
• Protection from government guarantee
• No need for physical gold

Benefits of Investing in Gold Stocks

Benefits of investing in gold stocks is given below:

• Potential for Long-Term Wealth Creation : Investing in gold stocks is not just linked to the price of gold, but also to the growth of the company. If the company’s sales, brand and profits grow, the share price can also give good returns in the long term.
• Hedge Against Inflation : When inflation rises and the rupee weakens, gold and its associated companies often perform well. Therefore, gold stocks act as a balance and protection in the portfolio.
• Dual Benefit: Equity + Gold Exposure : Investing in gold stocks gives you two types of benefits one, from the price of gold and second, from the business growth of that company. This gives the possibility of double returns.
• Liquidity & Easy Trading : Compared to gold jewellery or physical gold, gold stocks can be easily bought or sold through the stock market at any time. This makes the investment more flexible.
• No Storage or Making Charges : Like physical gold, it does not require any locker, security measures or making charges.

Risks of Investing in Gold Stocks

Gold stocks are considered an attractive investment option, but they also carry some significant risks that need to be understood. Below are four key risk points that any gold stock investor should keep in mind:

• Gold Price Fluctuation Risk : The international price of gold depends on factors such as the dollar, interest rates and global events. When the price of gold falls, it directly affects the sales and profits of gold companies.
• Regulatory Risks : The Government of India changes the duty, tax or trade policy on gold imports from time to time. Any such change can affect the cost and profit of companies.
• Global Market Volatility : Gold is an international commodity, so economic uncertainty, war, or inflation trends in the global market also affect gold stocks. Investors should make decisions keeping this global connection in mind.
• Liquidity Risk : Some small or mid-cap gold companies have less trades in the stock market. In such a situation, it may be difficult to sell shares when needed or it may be difficult to find a buyer at the right price.
• Demand-Supply Risk : The demand for gold is affected due to festivals, wedding season and fluctuations in global demand. If the demand decreases, both the sales and profits of the companies can decrease.
• Operational Risks : Problems like disruption in production, strike of employees or technical faults are common in companies related to mining or refining, which can have a negative impact on the stock.
• Market Sentiment Risk : Many times the performance of gold stocks also depends on the sentiment of investors or news-driven sentiment. Rumors or false news can cause stocks to fall sharply, even if the company’s fundamentals are good.

How to Invest in the Best Gold Stocks (with Pocketful)

• Open a Demat & Trading Account : The first step to start investing in gold stocks is to open a Demat and trading account on a trusted platform. You can easily complete this process by opening a demat account with Pocketful.
• Research and Shortlist Quality Gold Stocks : Research companies whose business is directly related to gold, such as jewellery manufacturing or gold retailing, and look at their long-term prospects.
• Analyze Company Fundamentals : Analyze the company’s financials, business model, growth potential and position in the sector in depth to make an informed investment decision.
• Start Investing via Pocketful : With Pocketful, you can invest in gold stocks without any brokerage fees. Its simple interface and safe process is suitable for all types of investors.
• Monitor and Review Regularly : Once you invest, review the portfolio regularly and make changes if needed to optimize returns.

Read Also: Gold ETF vs Gold Mutual Fund: Differences and Similarities

Conclusion

Investing in gold has now gone beyond the traditional methods. Today, investors can also invest in businesses related to gold through shares, ETFs and bonds. While gold stocks offer the opportunity for higher returns, ETFs and bonds are considered better for stability and diversification. With the right research and strategy, gold can prove to be a strong option for long-term investment. However, it is advised to consult a financial advisor before investing.

S.NO.	Check Out These Interesting Posts You Might Enjoy!
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