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Informist, Thursday, Apr. 23, 2026

MUMBAI – The Reserve Bank of India refrained from adding gold to its reserves in March. Its stock of the precious metal was steady on month at 880.34 tonne as of Mar. 27, according to the central bank's monthly bulletin released Thursday. This marks the second consecutive month of pause in gold buying by the central bank after it had added just 160 kilogram in January.

The RBI's gold reserves were valued at $113.52 billion as of Mar. 27, accounting for over 16% of the country's total foreign exchange reserves of $688.06 billion.

Earlier this month, the World Gold Council had said that RBI added a marginal 170 kg gold to its holdings in the week ended Apr. 3, taking its total reserves to 880.5 tonne.

The monthly average price of gold in Mumbai rose to INR 154,039 per 10 gram in February from INR 145,947 per 10 gram in January and INR 84,995 per 10 gram in February 2025, according to the bulletin, which cited data from the India Bullion and Jewellers Association.

At 2124 IST, the June gold contract on COMEX was at $4,742.8 per ounce, down 0.2% from the previous close. The June contract on the Multi Commodity Exchange of India was down 0.2% at INR 152,400 per 10 gram.  End

US$1 = INR 94.10

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

Reported by Ashutosh Pati

Edited by Deepshikha Bhardwaj

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