Business
Gold price rally impact: India’s gold reserves cross $100 billion for the first time; share in forex reserves highest since 1996-97 – The Times of India
Gold’s record rally has helped India’s gold reserves value cross the $100 billion mark for the first time ever. The Reserve Bank of India‘s (RBI) latest foreign exchange reserves data reveals that India’s gold reserves have exceeded $100 billion for the first time, primarily due to rising global prices, despite a significant reduction in the central bank’s acquisitions this year.According to RBI data released on October 10, India’s gold holdings increased by $3.595 billion to reach $102.365 billion, whilst the total foreign exchange reserves decreased by $2.18 billion to $697.784 billion.
India’s Gold Reserves – Top Facts
According to a Reuters report, traders indicate that gold now constitutes 14.7% of India’s total foreign exchange reserves, reaching its highest proportion since 1996-97.The proportion of gold within India’s foreign exchange reserves has seen a significant rise in the last ten years, climbing from under 7% to approximately 15%. This increase reflects both the RBI’s systematic gold acquisition and substantial increases in worldwide gold prices.This development has resulted in the value of India’s gold reserves reaching the $100 billion mark, despite the RBI notably reducing its gold acquisitions this year.According to World Gold Council statistics, the RBI’s gold purchases in 2025 were limited to four months out of the first nine months, which differs from 2024 when the central bank bought gold almost every month.The total gold procurement from January through September amounted to merely 4 tonnes – a substantial decrease from the 50 tonnes acquired during the corresponding period in the previous year.As gold prices experience substantial growth, its proportion within India’s foreign exchange reserves has shown notable expansion, primarily due to valuation benefits, according to Kavita Chacko, who heads research for India at the World Gold Council.The precious metal has witnessed an impressive increase of approximately 65% in 2025, influenced by a combination of economic factors, institutional behaviour and market sentiment.International central banks persist in building their gold holdings to diversify reserves beyond the US dollar, particularly in response to growing geopolitical uncertainties, sanctions-related challenges and efforts to reduce dollar dependency.
Malaysia-based Karex produces more than five billion condoms a year and supplies global brands like Durex and Trojan.
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Tesco Pet Insurance, who provided the cover, says “the cost of claims is one of a number of factors that can affect the price of a policy at renewal” and also noted Tilly’s age had been reflected in the quote. It says the couple had a more comprehensive policy, which typically costs more than basic levels of cover, and that alternative options were presented to Fawcett and Neild.
The UK must not “cut ourselves off” from trade opportunities in China despite security and business risks, the head of the Confederation for British Industry has warned.
CBI chief Rain Newton-Smith highlighted that British businesses see increased trade with Chinese firms as an opportunity to drive growth.
Her remarks came as business leaders were questioned by MPs on Parliament’s Business and Trade Select Committee regarding the UK’s economic relationship with China.
Last December, Prime Minister Sir Keir Starmer admitted China poses security threats to the UK but urged for greater business ties.
Ms Newton-Smith, chief executive of one of the UK’s largest business groups, was positive about the Government’s engagement with China.
“You can’t have a growth strategy without a strategy for China,” she said.
“China has the biggest contribution to global growth, is the third largest trading partner, and the world’s largest consumer market.
“The UK is second largest exporter of trade and services.
“We are mindful as all businesses are of security risks but it is really important that we have a strategy towards China.
“This Government has increased the economic engagement with China and including business within this does help us as a country.”
She added: “If we think about the future economy, there is a huge market in China and I think we mustn’t cut ourselves off from some of the opportunities there, even if in some areas there are difficult conversations and negotiations that need to be had.”
Peter Burnett, chief executive of the China-Britain Business Council, told the committee: “There are risks associated with technology advancement, AI, industrial development that they need to assess.
“Increasingly you will find them saying that they need to engage more in China to understand those risks and to develop some of the technologies along some of those risks themselves.”
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