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The Reserve Bank of India’s (RBI) gold reserves have crossed the $100-billion mark for the first time, even as the country’s overall foreign exchange reserves hit $697.784 billion during the week ended October 10, according to the latest RBI data.

The value of gold holdings jumped by $3.595 billion to $102.365 billion, reflecting a significant rise in the central bank’s gold assets. It comes even as the gold prices globally are at an all-time high of over $4,300 an ounce.

The share of gold in India’s total reserves climbed to 14.7%, the highest since 1996-97, according to Reuters citing traders. Gold’s share in India’s foreign exchange reserves has almost doubled over the past decade — from below 7% to nearly 15% — reflecting both steady central bank accumulati

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