The Reserve Bank of India made big changes to its gold holdings over past months. The bankʼs total gold reserves reached 854.73 metric-tonnes by sept-2024 which is up from 822.10 metric-tonnes recorded in march-2024
A notable shift happened in domestic storage — the amount of yellow metal kept inside India jumped to 510.46 metric-tonnes (compared to previous quarters 408.31 metric-tonnes); this shows the banks preference for keeping more gold within national borders
The precious metals share in total foreign-exchange reserves went up too: from 8.15% to 9.32% between march and september. This half-yearly report shows how RBI is re-thinking its reserve management strategy; the changes reflect a careful approach to asset distribution and storage locations