RBI's Golden Strategy: Major Shift in Reserve Holdings

India's domestic gold holdings increased to 510.46 metric tonnes from 408 metric tonnes between March-September 2024, with 60% of total gold reserves within the country. The largest repatriation since the 1991 economic crisis.

India's Domestic Gold Holdings

RBI repatriated 102 metric tonnes of gold from Bank of England between March-September 2024
Total domestic gold holdings increased to 510.46 metric tonnes, up from 408 metric tonnes
Currently holds 60% of total gold reserves within India
Strategic move aimed at strengthening economic autonomy and self-reliance
Largest repatriation since the 1991 economic crisis

Overall Reserve Position and Distribution

Total gold reserves stand at 854.73 metric tonnes as of September 2024

Distribution breakdown:

- 510.46 metric tonnes stored domestically
- 324.01 metric tonnes in Bank of England and Bank for International Settlements
- 20.26 metric tonnes held as gold deposits
Gold's share in foreign exchange reserves increased from 8.15% (March 2024) to 9.32% (September 2024)
Total forex reserves grew from $646.42 billion to $705.78 billion in the same period

Global Gold Market Context

Total global gold demand reached $100 billion in Q3 2024
Overall demand increased 5% year-over-year, reaching 1,313 metric tonnes
Gold bar and coin demand decreased by 9%, but year-to-date demand remains strong at 859 tonnes
Jewelry demand fell 12% by volume due to rising prices
India's gold imports increased by 21.78% to $27 billion during April-September
India maintains position as second-largest global gold consumer
Technology sector showed 7% year-over-year increase in gold demand
Despite higher prices, premium product consumption remained robust with 13% value increase in jewelry sector

Gold as a Reserve Currency

According to the European Central Bank (ECB) report released in June 2025, gold as a reserve currency has officially surpassed the euro to become the second-most held reserve asset globally. &n

Ballari Railway Connectivity Project

The Ballari railway connectivity project has emerged as a game-changer in India's infrastructure push, especially for Karnataka’s mining and logistics belt. Recently approved by the C

Urban Consumer Sentiment India May 2025 Report

In May 2025, the Reserve Bank of India (RBI) released its latest Urban Consumer Confidence Survey, revealing a detailed picture of the urban consumer sentiment in India. This data is important

Railway Connectivity to Kashmir Valley

The inauguration of the Vande Bharat train to Kashmir marks a historic milestone in India’s railway infrastructure. Prime Minister Narendra Modi recently flagged off two specially designe

RBI Gold Loan Guidelines 2025

On April 9, 2025, the Reserve Bank of India (RBI) published draft guidelines that propose new regulations to standardize lending procedures for loans secured by gold collateral. This move seeks

China EV Export Market Share

In recent years, China's EV export market share has grown exponentially, positioning the country as the global leader in the electric vehicle (EV) industry. According to the Global EV Outlook

Reliance and Nifty50

It is crucial to have knowledge of economic subjects like Nifty50 in order to do well on SSC exams. Nifty50 is an indicator that tracks the stock market performance of the top 50 companies listed

Kallapu-Sajipa Riverfront Road Project

When it comes to building new infrastructure, Karnataka is in the forefront. There are a lot of big initiatives in the state that are boosting the economy and making things more accessible.

India's Manufacturing Vision 2025

India's manufacturing policies have recently gained significant attention as the government seeks to strengthen the country's industrial sector and achieve long-term economic growth. Th

What Drives the Gold Price Rs 1 Lakh?

Gold prices in India have surged to an all-time high, surpassing the Rs 1 Lakh mark per 10 grams for the first time. This significant rise in the Gold Price of Rs 1 Lakh is linked to various g