gold reserves News

India's Forex Reserves Surge by $2.7 Billion: A Closer Look at the Gold and SDR Holdings Growth

India's foreign exchange reserves increased by $2.7 billion to $698.1 billion, with significant contributions from gold and SDR holdings. The RBI's latest data highlights the resil...

Gold Rush: RBI's Strategic Move to Bolster Forex Reserves with Half a Tonne Purchase

The Reserve Bank of India has significantly increased its gold reserves by purchasing half a tonne in June, highlighting gold's growing importance in India's forex strategy and its...

India's Forex Reserves Witness a Significant Drop: A Closer Look at the $3.06 Billion Decline

India's foreign exchange reserves fell by $3.064 billion to $696.672 billion, marking a second consecutive weekly decline. The drop was mainly due to decreases in foreign currency ...

India's Forex Reserves Dip by $3 Billion in Early July: A Closer Look at the Shifting Economic Landscape

India's foreign exchange reserves declined by $3.049 billion to $699.736 billion in early July, with foreign currency assets dropping sharply. However, gold reserves and SDRs saw a...

India's Forex Reserves Dip by $2.06 Billion, Ending an 8-Week Growth Streak

India's foreign exchange reserves decreased by $2.06 billion, ending an eight-week growth streak. The total reserves now stand at $686.06 billion, with mixed trends in its componen...

RBI Significantly Increases Gold Reserves Amidst Declining Forex Reserves in FY25

In FY25, RBI increased its gold reserves by 25 tonnes despite a drop in forex reserves, with gold's value and share in reserves rising significantly. The central bank's strategic p...

RBI's Record Gold Acquisition in FY25: A Strategic Move Amid Global Price Surge

The Reserve Bank of India added 25 tonne of gold in the second half of FY25, marking the largest annual increase in seven years. Gold's share in foreign exchange reserves rose to 1...

India's Forex Reserves Climb to $688.13 Billion: An Eight-Week Winning Streak Unveiled

India's foreign exchange reserves increased by $1.983 billion to $688.129 billion, marking the eighth consecutive week of growth. The rise was led by an increase in foreign currenc...

India's Forex Reserves Surge for Seventh Consecutive Week, Hitting $686 Billion Mark

India's foreign exchange reserves have increased by $8.31 billion to $686.145 billion, marking the seventh straight week of growth. The rise includes significant gains in foreign c...

RBI's Strategic Gold Reserves Expansion: A 57.5 Tonnes Boost Amid Global Financial Uncertainties

The Reserve Bank of India added 57.5 tonnes to its gold reserves in FY25, the second-highest in seven years, amid global financial uncertainties and a trend of central banks increa...

India's Forex Reserves Climb to $677.84 Billion, Marking Sixth Consecutive Week of Growth

India's forex reserves have increased for the sixth consecutive week, reaching $677.835 billion, driven by growth in foreign currency assets and gold reserves. This strengthens Ind...

India's Forex Reserves Surge for Sixth Straight Week, Hitting $677.835 Billion

India's foreign exchange reserves increased by $1.567 billion to $677.835 billion, marking the sixth consecutive week of growth. Gold reserves and foreign currency assets also saw ...

India's Forex Reserves Experience Record Surge: A $15.26 Billion Leap in Two Years

India's foreign exchange reserves surged by USD 15.26 billion, the largest increase in over two years, reaching USD 653.966 billion. This significant boost is attributed to a USD 1...

India's Forex Reserves Hit 11-Month Low: A $639 Billion Wake-Up Call

India's foreign exchange reserves have decreased to $639 billion, marking an 11-month low. The RBI's intervention to stabilize the Rupee and the composition of the reserves are key...

India's Forex Reserves Witness a Sharp Decline: A $1.8 Billion Drop to $639 Billion

India's forex reserves decreased by $1.8 billion to $638.7 billion as of February 28, with foreign currency assets and gold reserves seeing significant reductions. The SDRs, howeve...

India's Forex Reserves Skyrocket: A $7 Billion Leap to Surpass $638 Billion Milestone

India's foreign exchange reserves have seen a significant increase of $7.654 billion, reaching $638.261 billion by February 7. This marks the third consecutive week of growth, driv...

India's Forex Reserves Dip to $625 Billion: A 10-Month Low Amidst Rupee Volatility

India's foreign exchange reserves have declined to a ten-month low of $625.87 billion, influenced by the RBI's intervention to stabilize the rupee. Despite the drop, reserves remai...

India Climbs to Second Place in Global Gold Purchases, Adds 8 Tons to Reserves

India has become the second-largest global gold buyer, adding 8 tons to its reserves in November 2024, as per the World Gold Council. This move, part of a global trend among centra...

China Discovers Massive $83B Gold Reserves in Hunan Province

China has discovered massive gold reserves worth $83 billion in Hunan province, with over 1,000 tons of gold resources forecasted at depths exceeding 3,000 meters. This discovery c...