Delhi has emerged as the leader in crypto adoption in India, according to a report by CoinSwitch, one of the largest crypto trading platforms in the country. The report, titled “India’s Portfolio 2023”, analysed the crypto investment patterns of over 10 million users across India in 2023. It revealed that Delhi accounted for 9 per cent of the total value invested in crypto, followed by Bangalore with 8 per cent and Mumbai with 5 per cent.
Crypto market grew despite challenges in 2023
The report stated that the crypto market in India witnessed significant growth in 2023, despite the economic, geopolitical and regulatory challenges. The total crypto market capitalisation increased from less than $1 trillion in June 2022 to over $1.5 trillion by December 2023, with Bitcoin, Ethereum and several meme coins ending the year in green.
The report also highlighted the key events that shaped the crypto industry in 2023, such as the Ethereum Merge, the launch of several Bitcoin and Ethereum ETFs, the rise of the metaverse and the NFT boom. It also noted that the Indian government and regulators took a more positive and progressive stance towards crypto, with the introduction of the Crypto Bill and the formation of the Crypto Advisory Council.
Young and tech-savvy investors dominate the crypto space
The report revealed that the majority of the crypto investors in India are young and tech-savvy, with 75 per cent of them being below the age of 35. The top three professions of the crypto investors were IT professionals, students and entrepreneurs. The report also showed that the gender gap in crypto investing is narrowing, with 9 per cent of the crypto investors being women. Delhi and Hyderabad had the highest participation of women investors, with 12 per cent and 11 per cent respectively.
The report also identified the most popular and best-performing cryptos in India’s portfolio in 2023. Dogecoin, Bitcoin and Ethereum were the top three invested cryptos, contributing to 26 per cent of the total value. Solana was the best-performing crypto, with 633 per cent growth year-to-date. The report also found that Indians allocated 40 per cent of their crypto investments to top-dollar CRE8 coins and DeFi utility tokens, and only 6 per cent to metaverse tokens.
Jaipur leads the tier-2 cities in crypto adoption
The report also ranked the top 10 cities in India in terms of crypto adoption, based on the value invested. Among the tier-2 cities, Jaipur topped the list, with 3 per cent of the total value, followed by Lucknow with 2 per cent and Pune with 1.75 per cent. The report also revealed that Jaipur allocated the highest share of its investment to meme coins, compared to the rest of India.
The report concluded that India is one of the fastest-growing and most diverse crypto markets in the world, with a huge potential for further growth and innovation. It also stated that CoinSwitch is committed to making crypto accessible and inclusive for all Indians, by providing them with the best platform, tools and education to invest and create wealth.
![gain Rise in Gold Rate in India After Falling Rs 21,200/24K; Will Gold Price Today Jump or Drop on 28 March? By Harshika Yadav Published: Saturday, March 28, 2026, 6:55 [IST] preference Add as a preferred source on Google Gold rates in India witnessed a modest recovery on March 27, 2026, after a sharp fall in the previous session, indicating a cautious stabilisation in the bullion market. The yellow metal had dropped by Rs 212 per gram (or Rs 21,200 per 100 grams) of 24 Karat (24K) earlier, but managed to regain some ground. Gold Price Updates as US-Iran Tensions Ease; Pakistan, Turkiye & Egypt Step Up Mediation Efforts The rise in yellow metal follows easing geopolitical concerns after US President Donald Trump signalled a delay in potential military action against Iran's energy infrastructure by 10 days, pushing the deadline to April 6. This development, along with ongoing diplomatic efforts, has helped support safe-haven demand. gold Rate Today Further adding to market sentiment, Pakistan's Foreign Minister Ishaq Dar confirmed that Islamabad is acting as an intermediary between the United States and Iran, relaying messages as part of efforts to de-escalate tensions. Countries like Türkiye and Egypt are also reportedly supporting the mediation process, offering some relief to global financial markets. Gold Rate in India: Check Latest 22K, 24K & 18K Gold Prices Per Gram 24 Karat Gold Rate Today in India In the 24 Karat segment, at the time of writing, the rate for 1 gram stood at Rs 14,471, rising by Rs 16 from Rs 14,455. For 8 grams, the price increased to Rs 1,15,768, up by Rs 128. The rate for 10 grams climbed to Rs 1,44,710, reflecting a gain of Rs 160, while 100 grams of 24 Karat gold were priced at Rs 14,47,100, marking an increase of Rs 1,600. 22 Karat Gold Rate Today in India The price of one gram of 22K stood at Rs 13,265, gaining Rs 15 from the previous session. For 8 grams, the rate rose to Rs 1,06,120, registering an increase of Rs 120. The cost of 10 grams advanced to Rs 1,32,650, up by Rs 150, while 100 grams were priced at Rs 13,26,500, reflecting a gain of Rs 1,500. 18 Karat Gold Rate Today in India The rate for one gram of 18K stood at Rs 10,853, up by Rs 12. For 8 grams, the price moved up to Rs 86,824, marking a gain of Rs 96. The rate for 10 grams climbed to Rs 1,08,530, increasing by Rs 120, while 100 grams were valued at Rs 10,85,300, reflecting an uptick of Rs 1,200. Latest MCX Gold Price In the domestic futures market, gold on the Multi Commodity Exchange (MCX) held firm above the Rs 1,44,500 level as per latest trading record, supported largely by the weakness in the Indian rupee, which continues to cushion local prices despite global volatility. Latest Spot Gold Rate The rebound in domestic gold rates comes alongside a recovery in international markets, where gold moved above the $4,400 per ounce mark. What Lies Ahead for Gold Prices? Check Gold Rate Prediction Jateen Trivedi, VP - Research Analyst (Commodity and Currency), LKP Securities, said, "Gold remained slightly positive, trading above $4,425 with highs near $4,475, supported by initial optimism around US-Iran talks. However, the sharp rise in crude continues to signal underlying market stress and inflation risks." From a technical perspective, he explained, "Technically, support is seen near Rs 1,42,000, while resistance is placed around Rs 1,46,500. Overall, gold is expected to remain volatile with limited upside unless clarity emerges on inflation and geopolitics."](https://keralanews247.com/wp-content/uploads/2026/03/rupee-and-dollar-scaled-120x86.png)
