National News
RBI buys half a tonne of gold in June 2025,  gold holdings increase to 879.8 tonnes
RBI’s June gold purchase boosts reserves as gold’s share in forex holdings climbs to 12.1%, reflecting over 80% value growth in five years.
After a relatively conservative spell of gold buying, the Reserve Bank of India (RBI) stacked up almost half a tonne of gold in the last week of June. In India’s foreign exchange reserves, gold has shown the most substantial growth in recent years, with its value increasing by more than 80% over five years. The proportion of gold in India’s foreign exchange reserves rose to 12.1% as of July 18, 2025, compared to 8.9% on July 19, 2024.
RBI gold holdings increased to 879.8 tonnes as of June 27, showing a rise from 879.6 tonnes recorded the week before. The addition represents a purchase of 4 quintals during this period.
One of the main reasons for this renewed interest in gold is its role as a hedge against inflation. In times of economic uncertainty, gold is considered a safe and reliable asset. Central banks around the world have taken note of this. According to data from the World Gold Council central banks have purchased over 1,000 tonnes of gold annually for the past three years—an unusually high figure compared to previous trends.
While safety and liquidity constitute the twin objectives of reserve management in India, return optimisation is kept in view within this framework states the central bank’s latest report on foreign exchange reserves.
The session saw a power packed panel of experts that comprisedSurendra Mehta, National Secretary- IBJA,Ranjith Singh,Head of Business Development, IIBX, Shweta Dhanak, Director – Vijay Exports,S Thirupathi Rajan, MD Goldsmith Academy, Shivanshu Mehta, SVP & Head Bullion-MCX.The session was moderated by Chirag Seth, Principal Consultant, Metals Focus.
Some salient points made by the panelists:
- Gold prices are not linked to consumer demand. They are linked to central bank buying and ETFs
- Till the banking system doesn’t collapse, gold price will continue to rise
- Jewellers were advised to use a mix of futures and options for risk mitigation
- Given the current situation manufacturers selling on credit or unfavorable deals could be fatal flaw for business.
- Precious metals forecast: Surendra Mehta said he sees gold in 2026 in $4900-5100 range and silver in $90-105.Looking further he said by 2030-2035 gold could touch $18000- 20000 and silver could reach $500. Chirag Seth predicted silver touching $105 this year and gold moving in the $ 5200- $ 5500.
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