India's central bank quietly boosts its gold reserves in latest report
Reserve Bank of Indiaʼs gold holdings grew significantly over six months period. The bank now keeps more precious metal inside the country with domestic storage hitting new peak
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
