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India.com
6 days ago
- Business
- India.com
India's gold reserves rises to Rs 4320000000000 in…, beggar pakistan has gold of only…, lesser than net worth of Mukesh Ambani, Gautam Adani
The Reserve Bank of India reported a 57.12% increase in the value of its gold assets (including gold deposits), reaching 4,31,624.8 crore as of March 31, 2025. This surge is attributed to the addition of 54.13 metric tonnes of gold and a rise in gold prices. According to the Express Tribune , the Dawn highlighted that the State Bank of Pakistan's gold holdings were valued at $5.43 billion in December 2024. It is far less if compared with the Gold in India, in fact its less than the net worth of many richest Individuals even if compared independently. According to Dawn News, gold reserves worth over Rs 80,000 crore were discovered by Pakistan in the Indus River. Even if this report is true, it's still far less than India's overall Gold stock. 'As on March 31, 2025, total gold held by the Reserve Bank was 879.58 metric tonnes as compared to 822.10 metric tonnes as on March 31, 2024 reflecting an increase of 57.48 metric tonnes of gold during the year,' said the RBI's annual report released on Thursday. Of 879.58 metric tonnes as on March 31, 2025, 311.38 metric tonnes of gold is held as an asset of the Issue Department as compared to 308.03 metric tonnes as on March 31, 2024, it said. The remaining 568.20 metric tonnes as on March 31, 2025 is treated as asset of the Banking Department as compared to 514.07 metric tonnes on March 31, 2024. 'The value of gold (including gold deposit) held as asset of Banking Department increased by 57.12 per cent from Rs 2,74,714.27 crore as on March 31, 2024 to Rs 4,31,624.80 crore as on March 31, 2025,' the report said. The increase is on account of addition of 54.13 metric tonnes of gold and also due to increase in price of gold and depreciation of INR vis-à-vis USD, said the annual report for 2024-25. According to the Bloomberg index Mukesh Ambani's net worth is around $102 billion. Similarly another richest man Gautam Adani's net worth is also $81.5 billion more than Pakistan's gold stock. (With Inputs From PTI)
Time of India
29-05-2025
- Business
- Time of India
Gold price rise impact: Value of RBI's gold surges 57% to Rs 4.32 lakh crore
The Reserve Bank's gold assets value (including gold deposits) saw a substantial rise of 57.12 per cent, reaching Rs 4,31,624.8 crore as of March 31, 2025. This increase was primarily attributed to the addition of 54.13 metric tonnes of gold and the yellow metal's price appreciation. Tired of too many ads? go ad free now "As on March 31, 2025, total gold held by the Reserve Bank was 879.58 metric tonnes as compared to 822.10 metric tonnes as on March 31, 2024 reflecting an increase of 57.48 metric tonnes of gold during the year," said the RBI's annual report released on Thursday. The Banking Department's gold holdings were valued at Rs 2,74,714.27 crore as of March 31, 2024. As of March 31, 2025, the total gold holdings of 879.58 metric tonnes were distributed between departments, with 311.38 metric tonnes allocated to the Issue Department, showing an increase from 308.03 metric tonnes recorded on March 31, 2024. The Banking Department held 568.20 metric tonnes as of March 31, 2025, representing an increase from 514.07 metric tonnes documented on March 31, 2024. Also Read | "The value of gold (including gold deposit) held as an asset of Banking Department increased by 57.12 per cent from Rs 2,74,714.27 crore as on March 31, 2024 to Rs 4,31,624.80 crore as on March 31, 2025," the report said. The annual report for 2024-25 attributed this rise to an additional 54.13 metric tonnes of gold acquisition, alongside the increased gold prices and the depreciation of INR against USD. India, currently ranked as the world's fifth largest economy, holds the distinction of possessing the seventh largest gold reserves internationally. World Gold Council statistics indicate a significant increase in the proportion of gold within India's total foreign exchange reserves during recent years. The percentage has risen considerably from 6.86% in 2021 to reach 11.35% by the end of 2024! Foreign exchange reserves serve as a protective buffer for economies, providing stability to national currencies, controlling inflation rates and representing a crucial measure of economic robustness and foundational strength. Tired of too many ads? go ad free now The United States dollar remains the primary global reserve currency, with most nations maintaining their forex holdings in dollars to facilitate international trade. However, central banks are increasingly turning towards gold as an alternative reserve asset due to fluctuations in dollar values. Also Read |
The Print
29-05-2025
- Business
- The Print
Value of gold with RBI rises 57.12 pc to Rs 4.32 lakh crore in FY25: Central bank's report
'As on March 31, 2025, total gold held by the Reserve Bank was 879.58 metric tonnes as compared to 822.10 metric tonnes as on March 31, 2024 reflecting an increase of 57.48 metric tonnes of gold during the year,' said the RBI's annual report released on Thursday. The value of gold held as asset of Banking Department was Rs 2,74,714.27 crore as on March 31, 2024. Mumbai, May 29 (PTI) The value of gold (including gold deposit) held as asset of Reserve Bank increased by 57.12 per cent to Rs 4,31,624.8 crore as on March 31, 2025, mainly on account of addition of 54.13 metric tonnes of precious metal and increase in its prices. Of 879.58 metric tonnes as on March 31, 2025, 311.38 metric tonnes of gold is held as an asset of the Issue Department as compared to 308.03 metric tonnes as on March 31, 2024, it said. The remaining 568.20 metric tonnes as on March 31, 2025 is treated as asset of the Banking Department as compared to 514.07 metric tonnes on March 31, 2024. 'The value of gold (including gold deposit) held as asset of Banking Department increased by 57.12 per cent from Rs 2,74,714.27 crore as on March 31, 2024 to Rs 4,31,624.80 crore as on March 31, 2025,' the report said. The increase is on account of addition of 54.13 metric tonnes of gold and also due to increase in price of gold and depreciation of INR vis-à-vis USD, said the annual report for 2024-25. PTI NKD HVA This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
Mint
29-05-2025
- Business
- Mint
Value of gold with RBI rises 57.12 pc to ₹4.32 lakh crore in FY25: Central banks report
Mumbai, May 29 (PTI) The value of gold (including gold deposit) held as asset of Reserve Bank increased by 57.12 per cent to ₹ 4,31,624.8 crore as on March 31, 2025, mainly on account of addition of 54.13 metric tonnes of precious metal and increase in its prices. The value of gold held as asset of Banking Department was ₹ 2,74,714.27 crore as on March 31, 2024. "As on March 31, 2025, total gold held by the Reserve Bank was 879.58 metric tonnes as compared to 822.10 metric tonnes as on March 31, 2024 reflecting an increase of 57.48 metric tonnes of gold during the year," said the RBI's annual report released on Thursday. Of 879.58 metric tonnes as on March 31, 2025, 311.38 metric tonnes of gold is held as an asset of the Issue Department as compared to 308.03 metric tonnes as on March 31, 2024, it said. The remaining 568.20 metric tonnes as on March 31, 2025 is treated as asset of the Banking Department as compared to 514.07 metric tonnes on March 31, 2024. "The value of gold (including gold deposit) held as asset of Banking Department increased by 57.12 per cent from ₹ 2,74,714.27 crore as on March 31, 2024 to ₹ 4,31,624.80 crore as on March 31, 2025," the report said. The increase is on account of addition of 54.13 metric tonnes of gold and also due to increase in price of gold and depreciation of INR vis-à-vis USD, said the annual report for 2024-25.
