While the great powers are bogged down in open or hidden conflicts, the world climate has never been so loaded with uncertainty. Of l’Ukraine has Gazathe geopolitical fracture lines are increasing, reviving fears of an increasingly unstable world order. Added to this are the pressures exerted by Donald Trumpwhose potential return to the American political scene worries many economic capitals. The unpredictability of commercial and monetary policies of UNITED STATES Under its influence feeds distrust on the markets. In this context where currencies can vacillate and alliances are crumbling, many countries seek to secure their future by turning to a value that does not know bankruptcy: l’or.
A monetary safety strategy
Faced with these opposite winds, the Indian central bank (RBI) made a heavy sense decision: significantly increase its gold reserves. Next to 25 additional tonnes were integrated into its chests during the second half of the 2025 fiscal year, bringing the total to 879.59 tonnes. This gesture is not simply prudence; It reflects a clear strategic orientation in a period when tangible active ingredients take over the digital promises. India is no exception to this global defensive turn: In times of instability, gold remains a proven refuge.
It is revealing that this accumulation occurred in full buzzing the prices of yellow metal, which has increased 30 % worldwide. Far from discouraging the authorities, this climb of the courses seems to have confirmed their analysis: Buying now is to secure tomorrow. As an umbrella bought at the start of a thunderstorm, this reserve would allow India To protect yourself against sudden financial tremors, whether it is a devaluation of the dollar, an international banking crisis or a break in supply chains.
A distributed and protected treasure
But it is not enough to have gold, it is still necessary to place it with discernment. The RBI did not centralize all of its ingots in a single place: 511.99 tonnes are based on Indian soil, while 348.62 tonnes are entrusted to institutions renowned for their stability, such as the Banque d’Engleterre and the Bank of International Rules. This apparently logistical choice is also highly symbolic: It involves preserving quick access to part of the reserves in the event of an emergency, while guaranteeing their physical and diplomatic security in places deemed safe.
-To this are added almost 19 tonnes of gold held in the form of deposits, a less known modality but which makes it possible to generate a limited yield on normally dormant assets. This diversification of forms and places of detention indicates a desire for flexibility. In a world where exchanges can be suspended overnight by sanctions or blockade, this configuration gives India an adaptability which could prove to be precious.
A maneuver with global resonances
Acceleration of gold demand by central banks such as that of India Send a strong signal to the markets: Confidence in fiduciary currencies is shaken. This trend could have a domino effect. Other countries, including those exposed to sanctions or dependent on imports of raw materials, could follow this example. As international tensions worsen, there is no longer just a question of economy, but of sovereignty. Gold, in this perspective, becomes a power tool again.
This renewed interest recalls an era that we thought was revolted, that where the Order stallion dictated the world monetary order. Today, it is no longer a universal rule, but a strategic reflex. A bit like a state that strengthens its army without wanting to wage war, the constitution of gold reserves expresses a desire for resilience rather than an ambition of confrontation. In the current tumult, each gram of stored gold is an ounce of stability acquired.
Indian maneuver is therefore not limited to an accounting adjustment. It reflects a broader repositioning: that of a country which intends to assert its economic autonomy in the face of forces which escape it. If international tensions were to intensify, this decision may well prove as precious as the metal it aims to secure.
