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RBI Brings More Than 100 Tonnes Of Gold Back To India In Apr-Sep Period

RBI Brings More Than 100 Tonnes Of Gold Back To India In Apr-Sep Period

Manvendra Singh Rajvanshi
Manvendra Singh Rajvanshi
  • New Delhi ,
  • Oct 30, 2024,
  • Updated Oct 30, 2024, 5:02 PM IST

The Reserve Bank of India has continued to add to its domestic gold holdings in 2024-25, with the first half of the financial year seeing them rise by more than 100 tonnes, according to data released by the central bank. As of September 30, the RBI's gold holdings stood at 854.73 tonnes, up 32.63 tn from the level on March 31. Of this, 510.46 tn of gold was held domestically, up 102.15 tonnes from the end of March. “While 324.01 metric tonnes of gold were kept in safe custody with the Bank of England and the Bank for International Settlements, 20.26 metric tonnes were held in the form of gold deposits,” the RBI said in its half-yearly report on management of foreign exchange reserves. In US dollar value terms, the share of gold in the total foreign exchange reserves increased from 8.15% as at end-March 2024 to about 9.32% as at end-September 2024.

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