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Forex reserves  increase on surging  gold  prices

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Reserve Bank of India data shows India’s foreign exchange reserves at $698.3 billion on September 5. The reserves are close to the record high of $704.9 billion. Weekly, forex reserves increased by $4 billion due to rising gold prices. Foreign exchange assets rose by $540 million to $584 billion. The value of gold reserves, which have a 13% share in total reserves, jumped by $3.5 billion compared to the previous week. At the current level, the reserves are shy of $6.6 billion from the record high of $704.9 billion reached in late September 2024.

India’s foreign exchange reserves have surged to near-record levels, with gold emerging as a critical stabilizer. The sharp rise in gold reserves is cushioning India’s external position against dollar volatility, a timely outcome amid global inflation and geopolitical uncertainty.

At the current level, reserves provide over 11 months of import cover, significantly above global adequacy norms, reducing vulnerability to oil shocks and capital outflows. This strong buffer reinforces macroeconomic resilience and bolsters confidence among global investors.

For the rupee, robust reserves ensure the RBI retains ample capacity to manage volatility, even in the face of shifting U.S. monetary policy. With reserves just $6.6 billion shy of the all-time high, sustained gold strength and steady portfolio inflows could push India to fresh peaks, cementing its position as one of the world’s largest reserve holders.

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IAGES Accredited Partner Directory Brings Verified Gold Businesses Together on One Trusted Platform

Hosting More than 700 Accredited Outlets Across 200+ cities, the IAGES Directory Serves as a Bridge Between Consumers Seeking Trustworthy Gold Transactions and Accredited businesses

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The Accredited Partner Directory launched by the Indian Association for Gold Excellence and Standards (IAGES) in November, 2025 has gained significant momentum among consumers and gold businesses since its inception. This one-stop digital platform now hosts a growing network of over 700 IAGES partner outlets across 200 cities, allowing consumers to find verified, trusted jewellers nearest to them before they step out to buy or exchange gold.

An IAGES verified business follows a stringent code of conduct that mandates accountability, responsibility and ethical conduct across its entire value chain. IAGES’ Accredited Partner Directory offers consumers trust, confidence and peace of mind, allowing them to explore and choose these verified, third-party assessed gold jewellers nearest to them either by brand name, location, or category.

The accredited entities appearing in the directory include strong national, regional and city-based large, medium and small retailers. The directory not only includes verified gold jewellers, but also lists gold refiners, bullion traders, manufacturers and assaying and hallmarking centres and digital gold retailers.

Kaushlendra Sinha, CEO, IAGES, said:

“The growing list of partners in the IAGES Accredited Partner Directory reflects the gold industry’s readiness to adopt transparent and compliant business practices, building consumer confidence and trust while slowly formalising the gold ecosystem in India. We invite all gold businesses to come forward and join the movement to transform India’s gold industry, one accreditation at a time!”

IAGES is currently running a consumer awareness campaign – ‘Before you exchange or buy gold #PehlaCheckIAGES’ to spread the word about the importance of buying gold only from a verified, credible retailer. The successful campaign has reached 50 million+ consumers through online and offline mediums, while the IAGES website is seeing massive hits every day as consumers check the directory to verify a gold business.


Sumeet Deoda, Vice President – Marketing and Communication, IAGES said:

“Clearly, the IAGES Accredited Partner Directory has been much anticipated by consumers, gold jewellers and gold business entities alike! We are happy to finally share this growing database with the world even as we continue to work towards our goal of changing the gold-buying mindset in India as the first, crucial step towards formalising the industry,”

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