Share of gold in RBI’s forex kitty doubled since 2021

Central banks world over are increasingly accumulating safe-haven gold in their foreign exchange reserves kitty, and India is no exception.

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The share of gold maintained by the Reserve Bank of India (RBI) in its foreign exchange reserves has almost doubled since 2021.

According to a report on Management of Foreign Exchange Reserves by the Indian central bank, the gold share in forex kitty, in dollar terms, rose from 5.87 per cent in March 2021 to 11.70 per cent in March 2025, In September 2024, the gold's share was at 9.32 per cent.

At the end of March 2025, the RBI held gold worth USD 77.793 billion in its forex kitty.

As of March 2025, the RBI held 879.59 metric tonnes of gold as against 695.31 metric tonnes in March 2021, the RBI data showed.