Gold as a part of foreign exchange reserves reached 21.6 USD bil in 2013 in India, according to the National Statistical Office. This is 27.6 % less than in the previous year.
Historically, gold as a part of foreign exchange reserves in India reached an all time high of 29.8 USD bil in 2012 and an all time low of 0.245 USD bil in 1966. When compared to India's main peers, gold as a part of foreign exchange reserves in Bangladesh amounted to 0.523 USD bil, 40.8 USD bil in China, 2.50 USD bil in Pakistan and 0.889 USD bil in Sri Lanka in 2013.
India has been ranked 10th within the group of 110 countries we follow in terms of gold as a part of foreign exchange reserves, 3 places above the position seen 10 years ago.
A gold reserve is the gold held by a central bank or nation intended as a store of value and as a guarantee to redeem promises to pay depositors, note holders, or trading peers, or to secure a currency.