RBI data shows gold reserves up 570 kg at 879.58 tn in March
This story was originally published at 18:25 IST on 22 April 2025
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MUMBAI – The Reserve Bank of India's gold reserves rose 570 kg to 879.58 tonnes as of Mar. 28, according to data from the central bank's bulletin released Tuesday. The value of gold in foreign exchange reserves rose to $77.8 billion in March from $73.3 billion in February. The share of gold in the central bank's total reserves was 11.7% as of Mar. 28.
Gold prices continued to strengthen and reached new heights every month in 2025 till March, the central bank's bulletin said. "Gold prices remained elevated in March, bolstered by safe-haven demand amidst heightened trade uncertainties," the report said.
Gold prices rose 19.5% in the Jan-Mar period, surpassing the $3,100 per ounce mark for the first time, due to increased safe-haven demand and higher gold purchases by central banks, the release further said.
The monthly average price of gold in Mumbai rose to INR 84,995 per 10 grams in February from INR 79,079 per 10 grams in January, and up from INR 60,624 per 10 grams in the same month a year ago, the bulletin said, citing India Bullion and Jewellers Association data.
At 1718 IST, the June gold contract on the COMEX was $3,468.50 per ounce, up 1.3% from Monday's close. End
US$1 = INR 85.18
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Reported by Sandeep Sinha
Edited by Nishant Maher
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