Press release 🌐 Macro 🌍 India

RBI Reports Mixed Gold Reserve Trends as Total Assets Shift in September 2026

RBI data shows a weekly contraction in gold reserves and commercial bank deposits, even as year-on-year credit growth remains robust at 18.1 percent.

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RBI's weekly statistical supplement reports a decline in gold reserves week-over-week but an increase year-on-year, indicating mixed signals for gold.

🎯 Key Takeaways

  • Gold reserves recorded a weekly decline of ₹25,264 crore, though they remain higher on a year-on-year basis.
  • Scheduled commercial bank credit growth remains strong, posting an 18.1 percent year-on-year increase.
  • Aggregate deposits in the banking system saw a fortnightly contraction of ₹248,508 crore as of mid-September.

📝 Executive Summary

The Reserve Bank of India's latest statistical supplement reveals a complex liquidity landscape, showing a weekly decline in gold reserves alongside broader shifts in commercial bank credit. While gold reserves dipped on a weekly basis, they maintain a positive trajectory year-on-year, reflecting the central bank's ongoing balance sheet adjustments as of September 25, 2026.

❓ FAQ

How did India's gold reserves perform in the latest RBI report?

Gold reserves experienced a weekly decline of ₹25,264 crore as of September 25, 2026, though the asset class shows a significant increase when compared to the previous year.