India’s gold holdings entered uncharted territory by topping $100 billion as gold prices surged ~65% year to date. The metal now makes up 14.7% of forex reserves. The RBI’s earlier purchases and valuation gains both contributed. Even as forex reserves dipped, gold’s share hit a multi-decade high, reflecting central bank hedging and reserve diversification strategies.
India’s gold holdings entered uncharted territory by topping $100 billion as gold prices surged ~65% year to date. The metal now makes up 14.7% of forex reserves. The RBI’s earlier purchases and valuation gains both contributed. Even as forex reserves dipped, gold’s share hit a multi-decade high, reflecting central bank hedging and reserve diversification strategies.
India’s gold reserves surpass $100B amid sharp rally, climbing to 14.7% of forex holdings.
India’s gold holdings entered uncharted territory by topping $100 billion as gold prices surged ~65% year to date. The metal now makes up 14.7% of forex reserves. The RBI’s earlier purchases and valuation gains both contributed. Even as forex reserves dipped, gold’s share hit a multi-decade high, reflecting central bank hedging and reserve diversification strategies.
India’s gold holdings entered uncharted territory by topping $100 billion as gold prices surged ~65% year to date. The metal now makes up 14.7% of forex reserves. The RBI’s earlier purchases and valuation gains both contributed. Even as forex reserves dipped, gold’s share hit a multi-decade high, reflecting central bank hedging and reserve diversification strategies.