India’s total gold reserves held by the Reserve Bank of India (RBI) reached 854.73 metric tonnes.
510.46 metric tonnes have been stored domestically within India, while 324.01 metric tons are kept in safe custody at the Bank of England and the Bank for International Settlements (BIS).
20.26 metric tonnes of gold are maintained in the form of deposits to support liquidity and financial stability.
Till September 2024, gold constituted 9.32 percent of total reserves, up from 8.15 percent at the end of March 2024.
As of June 2024, India’s foreign exchange reserves covered 11.2 months of imports. It has decreased from 11.3 months in March.
Short-term debt has also increased from 19.7% of reserves in March to 20.3% by June.
India’s International Investment Position (IIP) showed an increase in external assets by $108.4 billion and liabilities by $97.7 billion year-over-year.
