There has been a huge rise in the prices of gold in the world as well as in India. Even if the fall of a few days is forgotten, the price of gold has seen an increase of more than 60 percent in the current year. This increase has not happened just like that. There is someone in India who has filled his treasury with gold bricks this year. The special thing is that in the month of September, he bought about 7 kg of gold every day. This means that about 200 kg of gold was purchased in this month. That too at a time when gold prices were skyrocketing. Now the biggest question is who is buying huge amounts of gold in India? Let us try to understand from the figures in the report.
RBI’s total gold reserve
Would a common man who buys such a large amount of gold not even be an individual billionaire? In fact, this is not an individual but an organization. The name of this institution is Reserve Bank of India. The Central Bank of the country has made huge purchases in the month of September. After which RBI’s gold reserve has crossed the level of 880 tonnes. Even Japan has been left behind in this matter. If we look at the data, the gold reserve of the Reserve Bank of India crossed the level of 880 tonnes in the first half of the financial year 2025-26. The central bank added 0.2 tonnes of gold to this reserve in the last week of September.
Bought 600 tons in 6 months
According to the latest data from the Reserve Bank of India (RBI), the total value of gold as of September 26, 2025 was $95 billion. Amid growing global uncertainties, demand for gold, considered a safe haven investment, has increased in recent months. In the half year ending September, the Reserve Bank bought 0.6 tonnes (600 kg) of gold. According to the latest bulletin of the Reserve Bank, a total of 0.2 tonnes (200 kg) and 0.4 tonnes (400 kg) of gold were purchased in September and June respectively. The total gold reserves with the Reserve Bank increased to 880.18 tonnes by the end of September, which was 879.58 tonnes by the end of the financial year 2024-25. During the financial year 2024-25, the Reserve Bank had added 54.13 tonnes of gold.
Why did demand increase?
The bulletin said rising global economic and geopolitical uncertainty led to a rise in international gold prices, which encouraged safe-haven buying and continued demand for gold as a financial asset by central banks and investors led to a rise in domestic prices. The bulletin also said that globally, central banks added 166 tonnes of gold to official reserves, further boosting demand. Gold prices remained high in the third quarter, reaching an all-time high in September.