Archive · 21 Jan 2026

RBI Gold Buying Hits 8-Year Low

RBI Gold Buying Hits 8-Year Low

The Reserve Bank of India (RBI) bought very little gold in 2025, the least in eight years.

They only bought 4.02 tonnes compared to 72.6 tonnes the year before.

Even though they bought less gold, they still have a lot, around 880.2 tonnes, which is a record.

The value of this gold is over $100 billion.

The RBI has been buying more gold over the past few years, and now gold makes up 16% of their foreign exchange reserves, up from 10% last year.

This is because gold prices have gone up a lot.

Other central banks around the world are also buying more gold, and now gold is the second-most important asset they hold, after the US dollar.

The RBI might have slowed down buying gold because they already have a lot, and gold prices are high.

Meanwhile, domestic gold exchange-traded funds (ETFs) saw a big increase in holdings, jumping 65% to 95 tonnes.

This makes Indian ETFs the sixth largest globally.

Investors are putting a lot of money into gold ETFs because they see them as a safe and regulated way to invest in gold.

The price of gold has gone up a lot, which has made more people want to invest in it.

Sources