RBI's gold reserves rise further, up nearly 25 tonnes so far this year

The reserves had increased by 100 tonnes in the last two years; currently stand at 785.35 tonnes

The Reserve Bank of India’s gold reserves, which have increased by over 100 tonnes in the last two years, continued their upward trajectory in the current financial year, with the central bank adding 24.93 metric tonnes so far in the year.

As at end-September 2022, the Reserve Bank held 785.35 metric tonnes of gold - including gold deposits of 41.57 metric tonnes, the central bank said on Friday. At the end of March 2022, the central bank’s holding of gold reserves were at 760.42 metric tonnes.

In March 2021, the gold reserves were at 695.31 metric tonnes, accounting for 5.87 per cent