RBI's gold reserves cross 880 metric tonnes by September amid elevated yellow metal prices

The Reserve Bank of India’s gold reserves surpassed 880 metric tonnes in the first half of 2025-26, with the central bank adding 0.2 metric tonnes in the last week of September. 

As of September 26, 2025, the total value of gold was $95 billion, according to the latest data from the Reserve Bank of India (RBI).

Gold is a safe-haven asset, which is why its demand rises during uncertain times. The yellow metal thrives due to geopolitical tensions, weak currencies, market fluctuations and trade war concerns. The precious metal is also supported by central bank buying, which has been on a consistent rise for years. 

During the six months ended September, the RBI bought 0.6 metric tonnes (600 kilograms) of gold. A total of 0.2 metric tonnes (200 kg) and 0.4 metric tonnes (400 kg) of the yellow metal were bought in September and June, respectively, as per the latest RBI Bulletin.

The total gold reserve with the RBI increased to 880.18 metric tonnes at the end of September from 879.58 metric tonnes at the end of 2024-25. During 2024-25, the RBI added 54.13 metric tonnes of gold.

Rise in international gold prices, driven by heightened global economic and geopolitical uncertainty that encouraged safe haven buying and sustained demand for gold as a financial asset by central banks and investors, drove domestic price increases, the bulletin said.

The bulletin also said central banks globally added 166 tonnes of gold to official reserves, further aiding its demand.

Gold prices remained elevated in the third quarter, surging to an all-time high in September. The yellow metal advanced further in October, crossing multiple lifetime highs during the month. 

As of October 22, 2025, gold prices are at nearly ₹1,23,910 per 10 gram, according to the India Bullion and Jewellers Association Ltd. (IBJA).