India’s gold reserves exceed $100 billion for the first time

ByEnigma 808

India’s gold reserves held by the Reserve Bank of India (RBI) have crossed the $100 billion mark for the first time, reaching $102.365 billion as of October 10, according to RBI data. This rise was driven by an increase in gold prices and more purchases by the central bank. Despite this, India’s overall foreign exchange reserves fell by $2.18 billion to $697.784 billion due to RBI interventions to support the rupee.

Gold’s share in India’s forex reserves has nearly doubled over the past decade, from under 7% to almost 15%, reflecting both steady accumulation by the RBI and rising global gold prices. The surge in gold prices, up 65% in 2025, is linked to higher demand for gold as a safe-haven asset amid geopolitical uncertainties. Since 2024, the RBI has added 75 tonnes to its reserves, now totaling 880 tonnes, or about 14% of India’s total forex reserves.

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    Besides writing and being a content creator, Enigma 808 sometimes likes to watch paint dry on walls, listening to ASMR while timing snails racing. Such is life.