Gold Reserves
RBI refrains from buying gold in February, reserves at 880.34 tn as of Feb 27
This story was originally published at 20:22 IST on 23 March 2026
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MUMBAI – The Reserve Bank of India refrained from adding gold to its reserves in February. Its stock of the precious metal was steady on month at 880.34 tonnes as of Feb. 27, according to the central bank's monthly bulletin released Monday.
The RBI's gold reserves were valued at $131.63 billion as of Feb. 27, accounting for 18% of the country's total foreign exchange reserves of $728.49 billion.
The monthly average price of gold in Mumbai rose to INR 145,947 per 10 grams in January from INR 131,172 per 10 grams in December and INR 79,079 per 10 grams in January 2025, according to the bulletin, which cited data from the India Bullion and Jewellers Association.
At 2005 IST, the April gold contract on COMEX was at $4,513.3 per ounce, down 1.3% from the previous close. The April contract on the Multi Commodity Exchange of India was down 1.8% at INR 141,854 per 10 grams. End
US$1 = INR 93.97
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Reported by Ashutosh Pati
Edited by Akul Nishant Akhoury
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