India's Gold Reserves: Where is the Nation's 9.5 Lakh Crore Gold Stored?

• India holds approximately 880.18 metric tons of official gold reserves, valued at over $113.32 billion (9.5 lakh crore rupees).
• Gold's share in India's total foreign exchange reserves has increased to 16.02%, the highest in two decades, aiming to reduce reliance on the US dollar and mitigate economic shocks.
• Approximately 510 to 575 metric tons of India's gold are stored domestically in RBI treasuries in Mumbai and Nagpur.
• The remaining 290 tons are held abroad with institutions like the Bank of England and the Bank for International Settlements.
• India has repatriated about 274 tons of gold from abroad in the last three years due to geopolitical risks and the need for direct control over national assets.

Why It Matters: India possesses vast gold reserves, primarily stored domestically and abroad, as a crucial financial security measure.