Gold has been the go-to asset of this year, with the metal raking in global attention due to its increased demand and popularity. As gold continues to shine bright, the admirers of the metal continue to stockpile it in order to stabilize their economies. In this process, India’s gold imports have hit a record $7.8B mark, the second largest on record, taking the world by surprise.
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India Gold Imports Hit a Major High
According to the latest update by the Kobeissi Letter, gold’s allure and shine continue to attract major world economies. In this process, India’s gold imports have now hit a record $7.8B mark, the second largest on record. The platform was quick to add the details, stating how this is “triple the amount” recorded in the prior 3-month period.
Moreover, the Reserve Bank of India has also increased its gold holdings in 2025, adding +25 tonnes in this year alone.
“India can’t get enough gold. India’s gold imports surged to $7.8 BILLION over the last 3 months, the 2nd-largest on record. This is TRIPLE the amount recorded in the prior 3-month period. Additionally, the Reserve Bank of India has increased its gold holdings by +25 tonnes so far in 2025, reaching 880 tonnes, an all-time high. The central bank also repatriated 64 tonnes of gold in the 6 months ending in September. As a result, 576 tonnes, or 65% of total gold reserves, are stored domestically, up from ~38% in September 2022. Gold now represents a record 13.9% of India’s total currency reserves, up from 11.7% at the end of March. The gold rush is in full swing.”
Precious Metal Rally Continues to Soar
Analysts have been pretty clear on how the precious metal rally may continue to soar. Rashad Hajiyev, a notable financial expert, shared how gold and silver both are on a path to secure new highs, with gold aiming for $5000 in the process.
“Gold is slowly but steadily grinding higher, allowing miners to catch up. I believe the next impulsive wave could take gold to $5k with little effort…”
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