RBI Transfers 104.23 Metric Tons of Gold from Foreign Reserves to Domestic Holdings The Reserve Bank of India (RBI) has transferred 104.23 metric tonnes of gold from its foreign exchange reserves to domestic holdings over the six-month period ending March 2026. This move, detailed in the RBI’s half-yearly foreign exchange report, marks a significant shift in the central bank’s gold reserves, with the domestic stock of gold increasing slightly to 880.52 metric tonnes by March 2026, up from 880.18 metric tonnes in September 2025. The transfer involves relocating gold previously held in secure vaults abroad, such as those managed by the Bank of England and the Bank for International Settlements (BIS), back to India’s domestic repositories. According to the report, the RBI’s gold reserves in foreign vaults decreased from 290.37 metric tonnes in March 2026 to 2.80 metric tonnes, while domestic holdings rose to 290.37 metric tonnes. This adjustment reflects a strategic realignment of the central bank’s gold portfolio, prioritizing domestic storage for security and economic stability. The report also highlights the growing share of gold in India’s foreign exchange reserves. The proportion of gold in the total foreign exchange assets increased from 13.92% in September 2025 to 16.7% by March 2026, driven by rising gold prices. This shift underscores the central bank’s response to global market dynamics and its role in managing India’s economic resilience. In addition to gold, the RBI’s foreign exchange reserves include a mix of assets. As of March 2026, the total foreign exchange assets stood at $552.28 billion, with $465.61 billion allocated to securities, $46.83 billion held by other central banks and the BIS, and $39.84 billion in commercial bank accounts abroad.#reserve_bank_of_india #foreign_exchange_reserves #bank_of_england #bank_for_international_settlements #gold_reserves
