The Reserve Bank of India (RBI) has significantly ramped up its gold assets, with their value soaring by 57.12% to ₹4,31,624.80 crore as of March 31, 2025. This sharp uptick has been driven by the addition of 54.13 metric tonnes of gold during the year, coupled with a rise in global gold prices and the depreciation of the Indian Rupee against the US dollar.
According to the central bank’s Annual Report for 2024-25, the RBI’s total gold holdings stood at 879.58 metric tonnes at the end of March 2025, up from 822.10 metric tonnes recorded a year earlier—an overall increase of 57.48 metric tonnes.
The RBI's gold assets are distributed between two key departments. The Issue Department held 311.38 metric tonnes as of March 2025, a marginal rise from 308.03 metric tonnes in March 2024. Meanwhile, the Banking Department saw a more significant jump in its holdings, rising from 514.07 metric tonnes to 568.20 metric tonnes over the same period.
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In value terms, the gold held under the Banking Department alone increased by over 57%, climbing from ₹2,74,714.27 crore in March 2024 to ₹4,31,624.80 crore by the end of March 2025.
The RBI report attributed the rise in gold valuation not only to higher physical accumulation but also to the appreciation in international gold prices and the weakening of the rupee, which made the yellow metal costlier in local currency terms.
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