Share of gold in India's forex reserves doubles in four years, central bank report shows

Reserve Bank of India reports a significant increase in gold reserves. The share of gold in forex reserves has doubled since 2021. As of March-end, gold constitutes 11.70% of the total reserves. The central bank holds 879.59 metric tonnes of gold. Most of the gold is stored domestically. A portion is kept with the Bank of England and BIS.