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RBI Confirms 880.18 Tonnes of Gold, Majority Now Held in India

The half-year reserves report points to geopolitical custody risks driving a higher gold weight.

Overview

  • As of end-September 2025, the RBI held 575.82 tonnes domestically, 290.37 tonnes with the BoE and BIS, and 13.99 tonnes as deposits.
  • The central bank onshored nearly 64 tonnes in the April–September 2025 period as part of its accelerated repatriation.
  • Gold’s share of total foreign exchange reserves rose to about 13.92% from 11.70% at end-March 2025.
  • Total gold moved to domestic custody since March 2023 is about 274 tonnes, according to RBI data reported by the Economic Times.
  • Foreign currency assets stood at USD 579.18 billion, with USD 489.54 billion in securities, USD 46.11 billion with central banks and the BIS, and USD 43.53 billion in commercial bank deposits.