India’s gold reserves have doubled as a percentage of foreign exchange holdings over the past four years, reaching 11.70% by March 2025, up from 5.87% in March 2021, according to a recent Reserve Bank of India report.
The RBI now holds 879.59 metric tonnes of gold (an increase from 854.73 tonnes in September 2024), with about 58% stored domestically and the remainder held internationally.
This shift follows the global trend of central banks increasing gold holdings to hedge against inflation and currency volatility.