Gold: 854 tonnes of gold reached RBI’s reserves, India’s gold is now more in the country than abroad…

New Delhi. Due to the continuous increase in reserves by the Reserve Bank of India (RBI), India now has more gold in the domestic market than abroad. Data shows that RBI has 510 tonnes of gold which is 60 percent of the total reserve. There has been an increase of 120 tonnes in the reserves between March and September this year.

324 tonnes of gold was kept in safe custody with the Bank of England and the Bank for International Settlements. 20 tonnes of gold was in the form of deposit. According to the data, RBI had 618 tonnes of gold in September 2019, which has increased to 854 tonnes in September this year. RBI’s reserves have increased by 40 percent in five years.

This is how the gold reserves increased

RBI brought back 102 tonnes of gold kept abroad to India
The Reserve Bank of India has brought back 102 tonnes of gold kept safe in the Bank of England and the Bank for International Settlements between March and September 2024. 60 percent of the total gold reserves of 854.73 tonnes held by the RBI are in the country.

The banking regulator on Tuesday said it had 854.73 tonnes of gold at the end of September 2024, of which 510.46 tonnes of gold is domestically held i.e. in the country. 324.01 tonnes of gold was kept in safe custody with the Bank of England and the Bank for International Settlements, while 20.26 tonnes of gold was kept as deposits.

According to the report, the share of gold in the total foreign exchange reserves increased from 8.15 per cent at the end of March 2024 to about 9.32 per cent at the end of September 2024. As of March 2024, the RBI had 822.10 tonnes of gold. Of which 408.31 tonnes were domestically held, 387.26 tonnes were with the Bank of England and the Bank for International Settlements, while 26.53 tonnes of gold was present as deposits.