India Gold Share in Reserves Hits 16.7%

RBI report shows gold's share of India's forex reserves rose to 16.7% at end-March 2026, up from 13.92% in Sep 2025.
Total forex reserves fell slightly to $691.11 billion from $700.09 billion six months earlier, reflecting a modest decline.
RBI held 880.52 metric tonnes of gold, with 680.05 tonnes (over two‑thirds) stored domestically, up from less than half in March 2024.
Trend mirrors global central banks increasing bullion allocations to diversify reserves.