Gold Reserves : RBI
India’s total gold reserves held by the Reserve Bank of India (RBI) amount to 854.73 metric tonnes, according to the central bank’s latest report.
India’s Gold Reserve Status:
- Total Gold Reserves: 854.73 metric tonnes, with 510.46 metric tonnes held domestically and 324.01 metric tonnes stored at the Bank of England and BIS.
- Gold’s Share in Total Reserves: Gold now represents 9.32% of forex reserves as of September 2024, an increase from 8.15% in March.
- Import Cover: As of June 2024, forex reserves cover 11.2 months of imports, slightly down from March’s 11.3 months.
World ranking: (as of September 2024)
- Top rankers are United States, Germany and Italy.
- The United States has the most gold reserves and has nearly as many reserves as the combined total of the next three countries with the largest gold holdings: Germany, Italy, and France.
- India holds a significant position in global gold reserves, ranking 8th in the list of countries with the most gold reserves.
