India's FY25 Gold Reserves Rise 7% to 879.58 Tonnes: RBI Report

The Reserve Bank of India (RBI) increased its gold reserves by 7% in FY25, taking the total to 879.58 metric tonnes as of March 31, 2025, as per the reports. This is a rise from 822.10 tonnes at the end of the previous financial year.

Breakdown of Gold Reserves

Of the total, 311.38 tonnes were held under the Issue Department, and 568.20 tonnes were under the Banking Department. In comparison, the previous year’s figures stood at 308.03 tonnes and 514.07 tonnes, respectively. The central bank’s reserves are split between domestic and overseas locations. About 511.99 tonnes are stored in India, while 348.62 tonnes are held abroad, mainly with the Bank of England and the Bank for International Settlements (BIS). Another 18.98 tonnes are held as gold deposits.

Additions and Repatriation

The RBI added approximately 54.13 tonnes of gold during the financial year. It also brought back 38.64 tonnes of gold to India from its foreign storage facilities. This follows a broader trend of gold repatriation over recent years.

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Valuation and Market Effect

The total value of gold (including deposits) rose by 52.09% during the year, from ₹4.39 lakh crore to ₹6.68 lakh crore. Within this, the gold under the Banking Department saw a value increase from ₹2.74 lakh crore to ₹4.31 lakh crore, reflecting a 57.12% rise. This growth was largely influenced by an increase in international gold prices and a weaker rupee against the dollar.

Impact on Balance Sheet

The RBI’s balance sheet expanded by 8.2% in FY25, moving from ₹70.47 lakh crore to ₹76.25 lakh crore. Gold assets contributed to this rise, along with foreign currency assets and investments. By the end of the fiscal year, foreign assets, including gold, accounted for 74.27% of the RBI’s total assets.

Conclusion

The increase in India’s gold holdings during FY25 was driven by fresh purchases, market valuation changes, and continued repatriation efforts. Gold continues to remain a major component of the RBI’s foreign exchange reserves.

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