The RBI has increased its gold reserves by 34.22 tonnes YoY to reach 794.64 tonnes at the end of March 2023, according to the central bank’s data. 

• Gold reserves refer to the physical gold holdings that a central bank or a country holds as a part of its foreign exchange reserves.
• Central banks may acquire gold reserves through various means, including purchases from other central banks, international organizations, or commercial banks, and from domestic production or importation.
• Gold reserves are typically held in the form of gold bars, which are stored in secure vaults or depositories.