RBI’s Gold Reserves Cross 880 Tonnes in H1 FY26 Amid Global Economic Uncertainty

New Delhi, October 23, 2025: The Reserve Bank of India’s (RBI) gold holdings have surpassed 880 metric tonnes in the first half of FY26, reflecting a steady accumulation trend amid rising global economic and geopolitical uncertainties.

The RBI purchased 0.2 metric tonnes of gold during the last week of September 2025, bringing its gold reserves to 880.18 metric tonnes as of September 26. The total value of such holdings was at USD 95 billion.

RBI Buys 0.6 Metric Tonnes in Six Months

During the six months ended September, the RBI bought a cumulative 0.6 metric tonnes, or 600 kg, of gold, which is 0.4 tonnes in June and 0.2 tonnes in September. Overall gold reserves rose from 879.58 tonnes at the end of 2024-25 to 880.18 tonnes at the end of September 2025. The RBI had increased its gold holdings by 54.13 tonnes during the last financial year (2024-25).

Rise in Global Gold Prices and Demand

Prices of gold spiked abruptly during September, hitting record highs, as an upbeat world economy, as well as geopolitical risk, supported safe-haven demand, as per the RBI Bulletin. It further stated that central banks worldwide purchased 166 tonnes of the metal for official reserves during that period, fuelling demand for gold once again.

Gold Retains Safe-Haven Appeal

The price of gold, a safe asset, was steady during recent months with central banks and investors continuing to buy across widespread global uncertainties.

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