Gold’s record rally has helped India’s gold reserves value cross the $100 billion mark for the first time ever. The Reserve Bank of India 's (RBI) latest foreign exchange reserves data reveals that India's gold reserves have exceeded $100 billion for the first time, primarily due to rising global prices, despite a significant reduction in the central bank's acquisitions this year. According to RBI data released on October 10, India’s gold holdings increased by $3.595 billion to reach $102.365 billion, whilst the total foreign exchange reserves decreased by $2.18 billion to $697.784 billion. According to a Reuters report, traders indicate that gold now constitutes 14.7% of India's total foreign exchange reserves, reaching its highest proportion since 1996-97. The proportion of gol

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