- India’s Gold imports reached $7.8 billion in the last three months, marking the second-largest spike on record.
- This import level is triple the amount seen in the previous three-month period.
- The Reserve Bank of India increased its gold reserves by 25 tonnes in 2025, reaching a total of 880 tonnes.
- Now, 65% of India’s gold reserves are stored domestically, up from around 38% in September 2022.
- Gold accounts for a record 13.9% of India’s total currency reserves, rising from 11.7% at the end of March.
India’s gold imports surged to $7.8 billion over the past three months, surprising global markets by marking the second-highest total on record. The increase reflects continued high demand as nations seek to stabilize their economies.
According to data from The Kobeissi Letter, this figure is three times larger than the amount imported during the prior three-month period. The Reserve Bank of India (RBI) also added 25 tonnes of gold in 2025, boosting the country’s official holdings to an all-time high of 880 tonnes.
“India can’t get enough gold,” the report said, highlighting that the RBI repatriated 64 tonnes of gold in the six months ending September. As a result, 576 tonnes, or 65% of total gold reserves, are currently stored within India, compared to approximately 38% in September 2022.
Gold’s share of India’s total currency reserves has reached a record 13.9%, up from 11.7% at the end of March 2025. This signifies a major shift in the country’s asset allocation towards precious metals.
Analyst Rashad Hajiyev noted that gold and silver prices are expected to rise further. He stated “Gold is slowly but steadily grinding higher, allowing miners to catch up. I believe the next impulsive wave could take gold to $5k with little effort…” For context, an impulsive wave refers to a strong upward movement in price during technical market analysis.
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