Best Gold Stocks to Buy in India – Updated List 2025

Gold is a very popular and attractive investment asset in India. Since time immemorial, gold has been a part of India’s rich culture and history. 

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From our grandmothers’ and mothers’ jewellery boxes to our grandfathers’ and fathers’ gold bonds, it has penetrated every demographic’s portfolio due to its high value and liquidity. 

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Today, gold is not just considered an ornamental piece; it has also become a strong financial instrument for investment purposes. We have gold bonds, gold ETFs, and gold stocks in the market that help investors diversify their investment portfolios. 

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In this article, we’re going to list the top 10 gold stocks in India that should be on your watchlist. 

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Best Gold Stocks in India 2025

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1. Muthoot Finance

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Muthoot Finance is one of India’s leading non-banking financial companies, specialising in gold loans. 

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Its schemes include Muthoot One Percent Loan, Muthoot Delight Loan, Muthoot Mudra Loan, and Muthoot Advantage Loan, among others.

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The company has a widespread presence across 7,000 branches all over India. In Q4 FY25, the company reported a 22% YoY increase in consolidated net profit of ₹1.4 crores.

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The increase in net profit resulted from a 37% rise in Assets Under Management (AUM), which was driven by strong gold demand. It certainly ranks high amongs the best gold stocks in India.

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Despite its recent share dip, analysts are positive about its market growth due to a favourable demand conditions. 

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2. Titan Company

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Titan Company Ltd. was established in 1984 as a member of the TATA Group enterprise. Titan is a leading lifestyle brand in India with products ranging from jewellery, watches, eyewear, etc. 

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In FY25’s fourth quarter, the company reported a net profit of ₹871 crore, a 13% YoY increase due to jewellery demand. 

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Its jewellery sector also saw a boost of 25% in revenue growth of ₹11,232 crores. Despite the rise in gold prices, Titan stands tall as a strong stock option due to its brand presence and diversified product portfolio. 

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3. Kalyan Jewellers

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Kalyan Jewellers has emerged as one of the top-rated gold stocks in India due to its strategic expansion and robust financial growth. 

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In FY25, the company reported a 35% YoY increase in consolidated revenue and a 20% rise in net profits. 

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In its fourth quarter, the company saw a jump in revenue growth of 37% and a surge in net profit of 36%. 

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Currently, Kalyan Jewellers has more than 350 stores across India and the Middle East. It plans to compete with Titan and Tanishq by expanding its store presence by 160 in FY26. 

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4. Rajesh Exports

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Rajesh Exports Ltd. (REL) is a global leader in gold refining and jewellery manufacturing. Based in Bengaluru, the company owns the largest gold refinery, Valcambi, and retails under the brand name “Shubh Jewellers” in Karnataka. 

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REL’s wholesale division supplies products to multiple jewellery showrooms across India and the UAE. Its operations span India, the UAE, and Switzerland, boasting a wide customer base across these regions.

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With such a wide customer base and a strong hold on the largest gold refinery in the world, REL is considered among the best gold shares to buy in India.

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5. Thangamayil Jewellery

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Thangamayil Jewellery has displayed impressive growth in Q4 FY25, making it one of the leading regional gold retailers in India.

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In its fourth quarter of FY25, the company reported a 40.7% YoY increase in revenue and an 11.9% increase in net profits.

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The company specialises in gold, silver, and diamond products, and it primarily retails in manufacturing and jewellery. 

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The company has a strong presence in Tamil Nadu, featuring showrooms in cities such as Madurai, Rajapalayam, and Sivakasai, along with exclusive showrooms for silver jewellery located in several other cities. 

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6. PC Jewellers Ltd.

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PC Jewellers is a well-known brand in the jewellery industry. Currently, PC Jewellers boasts 55 showrooms across 41 cities in India. 

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In FY25, the company reduced its debt by 55% with an aim to become debt-free by March FY26. 

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Due to its strong liquidity management, PC Jewellers has earned a place among the best gold shares to buy in 2025.

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7. Kanani Industries

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The Mumbai-based diamond and jewellery exporter, Kanani Industries, is a good gold stock to buy for anyone looking to invest in gold stocks in 2025.

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As of April 2025, its debt-to-equity ratio is 37.02%, which is significantly lower than the industry average of 60.56%. And its high current ratio is 221.67%, higher than the industry's 168.81%. 

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8. Tribhovandas Bhimji Zaveri Ltd.

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Tribhovandas Bhimji Zaveri Ltd. (TBZ Ltd.) is a legacy jewellery brand established in 1864. Its strong financial performance in FY25 has reinforced its position in the Indian gold retail sector. 

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In Q3 FY25, TBZ Ltd. reported a 25.21% YoY increase in revenue, along with a 45.41% increase in net profits. 

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The company’s strategic expansion, specifically in Eastern India, has certainly contributed to its growth. Its improved margins and profitability are a result of the company’s focus on cost management and operational excellence.

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9. Goldiam International Ltd.

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Goldiam International Ltd. has emerged as one of India’s standout performers in the gems and jewellery industry.

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95% of Goldiam’s revenue is generated from the US market, and its expansion to India’s B2C segment has positioned it for sustainable growth. 

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As of 2024, the company has maintained a zero net debt with cash reserves exceeding ₹275 crores.

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10. KDDL Ltd.

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KDDL Ltd is India’s leading manufacturer of watch components and engineering products. With a market capitalisation of  ₹3222 crores and a 5-year CAGR of 86.22%, KDDL is the best gold stock to buy in 2025.

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The company’s consistent performance and smart initiatives position it as a compelling investment opportunity in India’s luxury and retail sector.

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Disclaimer: The views expressed here are based on market trends and publicly available research and do not constitute personal financial advice. Investors should conduct their own due diligence before making any investment decisions.