RBI Reports Significant Increase in Domestic Gold Reserves to Over 77%
Over 77% of 880.5 metric tonnes gold reserves held domestically: RBI
Business Standard
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As of March 2026, the Reserve Bank of India (RBI) held 77.23% of its 880.52 metric tonnes gold reserves domestically, a notable rise from 59.2% the previous year. The total value of gold reserves reached $113.5 billion, reflecting a growing share in India's foreign exchange reserves.
- 01RBI's domestic gold reserves increased to 77.23% as of March 2026.
- 02Total gold reserves held by RBI amounted to 880.52 metric tonnes.
- 03Gold's share in foreign exchange reserves rose from 13.92% to 16.70%.
- 04Gold reserves valued at $113.5 billion as of March 2026.
- 05Foreign exchange reserves reached $703 billion by mid-April 2026.
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The Reserve Bank of India (RBI) reported that as of March 2026, it held 77.23% of its total gold reserves domestically, a significant increase from 59.2% in the previous year. The total gold reserves amounted to 880.52 metric tonnes, with 680.05 metric tonnes stored within India. The RBI's Half-Yearly Report on Management of Foreign Exchange Reserves indicated that 197.67 metric tonnes of gold were held in safe custody with the Bank of England and the Bank for International Settlements (BIS), and 2.80 metric tonnes were in gold deposits. The value of India's gold reserves reached $113.5 billion, contributing to an increase in gold's share of total foreign exchange reserves from 13.92% to 16.70%. As of March 27, 2026, India's total foreign exchange reserves stood at $688 billion, which further rose to $703 billion by April 17, 2026.
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The increase in gold reserves indicates a stronger financial position for India, which could stabilize the economy and impact gold prices and investments.
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