Gold Price: There has been a decline in gold continuously for the last ten days in August amid a decrease in pleasant tension. Earlier this month the price of gold reached a record high. But since then, investors, traders and jewelers are keeping a close watch on it due to the decrease in prices.

On August 8, there was a tremendous increase in the price of gold and it reached all time high. On August 18, 22 carat gold was getting about Rs 9,280 per 10 grams i.e. at the rate of about Rs 74,240 per 10 grams due to the fall coming since then.

Continuous decline in gold

This decline of gold has been welcomed by the jewelers. They believe that long -standing buyers can now return to the market.

Market experts say that the current decline is due to global economic signs and softening of geopolitical stress. Pranab Meher, Vice President of JM Financial Services, Pranab Meher, says that the next week, gold prices can also be seen to be seen in gold prices, as everyone will be seen on the US economic figures and next month’s US Federal Reserve meeting.

What will be ahead?

International stir will also play an important role in deciding further attitude. According to Manav Modi of Motilal Oswal Financial Services, the major reason for decreasing the demand for gold in the form of safe investment is the recent softening in the stressful situation. Diplomatic efforts regarding the Russia-Ukraine war have raised the hope of ceasefire and there has been partial relief in commercial tension between the US-China.

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The Central Bank of India, the Reserve Bank of India (RBI), has increased its gold reserve in the second half of FY 2024-25. The RBI bought about 25 tonnes of gold during this period, causing India’s total gold reserves to 879.59 tonnes by the end of March 2025. In the end of September 2024, the figure was 854.73 tonnes.

The highest annual purchase in 7 years

Talking about the entire FY25, RBI bought more than 57 tonnes of gold, which is the highest annual purchase in the last seven years. The special thing is that this purchase has been done at a time when gold prices were seen in the global markets about 30 percent.

Where has RBI kept so much gold?

According to the RBI official Half-Ailly report, 511.99 tonnes of gold has been kept in India by March 2025. At the same time, 348.62 tonnes of gold has been preserved in England’s Bank of England and Bank for International Settlements (BIS). While 18.98 tonnes of gold is in the form of gold deposits.

The biggest domestic transfer since 1991

In the first half of FY25, RBI transferred its big part of Gold Reserve to India. The storage which was around 408 tonnes by 31 March 2024 increased to 510.46 tonnes by September 2024. It is considered to be the biggest domestic gold movement after 1991. At that time, India had to mortgage its gold while struggling with the foreign exchange crisis.

Foreign exchange reserves decreased, but gold stake increased

India’s total foreign exchange reserves have come down to $ 668.33 billion at the end of March 2025, while in September 2024 it was $ 705.78 billion. However, despite this decline, gold’s stake has increased from 9.32 percent to 11.70 percent. Through this Forex Reserve, India can cover the import of 10.5 months, which is slightly less than before. This cover was 11.8 months in September 2024.

Why did RBI do such a big gold investment?

This step has been taken keeping in mind the global geopolitical stress and international economic uncertainties. Gold is always considered a safe investment and in the current international situation, RBI wants to make its reserve safe and diverse.

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