New Delhi, Oct 17
India’s gold reserves, held by the RBI as part of the country’s foreign exchange reserves, have surpassed the $100 billion mark for the first time ever on the back of a sharp rise in the price of the precious metal and increased purchases by the central bank.
Gold prices have shot up by as much as 65 per cent in 2025 due to the increased demand for the precious metal as a safe haven asset amid rising geopolitical uncertainty in the Middle East and the trade wars triggered by the US tariff hikes.
The Reserve Bank of India (RBI) has added approximately 75 tonnes to its gold reserves since 2024, bringing its total holdings to 880 tonnes, which now constitute about 14 per cent of India’s total foreign exchange reserves, according to a Morgan Stanley report.