After touching an all-time high of 19% in January 2026, the share of gold in India’s total foreign exchange reserves dipped marginally to 18.1% in February, as foreign currency assets grew at a faster clip. Comparing Gold and Foreign Currency While foreign currency assets grew 1.9% month-on-month to $573.1 billion in February compared with $562.4 billion in January, gold reserves fell 4.4% to $131.6 billion in February from $137.7 billion in January as global prices of the yellow metal moderated.