New Delhi, October 17 (Udaipur Kiran): For the first time ever, India’s gold reserves have crossed the $100 billion mark, driven by a sharp rise in global gold prices. According to data released by the Reserve Bank of India (RBI) on Friday, the country’s gold holdings increased by $3.595 billion in the week ending October 10, taking the total to $102.365 billion.
However, during the same period, India’s overall foreign exchange reserves fell by $2.18 billion to $697.784 billion.
The share of gold in India’s forex reserves has now surged to 14.7%, marking the highest level in several decades. A decade ago, gold accounted for just 7% of total reserves — indicating that its proportion has more than doubled over the years.
According to data from the World Gold Council (WGC), the RBI added gold in only four of the first nine months of 2025, compared to almost monthly additions in 2024. Between January and September 2025, total gold purchases stood at 4 tonnes, a significant decline from 50 tonnes during the same period last year.
The surge in India’s gold reserves is largely attributed to a global rally in gold prices amid economic uncertainty and geopolitical instability. Over the past year, gold prices have jumped more than 65% since last Diwali. In the last two years, the precious metal has delivered 117% returns, and over the past five years, gains have soared 158%. Over the last decade, gold prices have climbed over 250%.
India remains the world’s second-largest consumer of gold, relying heavily on imports to meet domestic demand. Gold continues to hold deep cultural and economic significance in the country — symbolising wealth, security, and social prestige, while also serving as a trusted investment during volatile times.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
India’s Gold Reserves Cross $100 Billion for the First Time Amid Global Price Surge
