Gold Reserves Shine: Domestic Stockpiles Up 40% in Five Years

  • Reserve Bank of India (RBI) data reveals a significant increase in domestically held gold reserves.
  • Over the past five years (March 2019-March 2024), these reserves surged by 40%.
  • As of March 2024, India holds 408 tonnes of gold domestically, compared to 292 tonnes in March 2019.
  • Total gold reserves (including overseas holdings) also witnessed a rise of 34% during the same period.
  • This increasing focus on gold reflects its status as a safe haven asset during economic uncertainties.

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