Mumbai, April 19 -- The Reserve Bank of India (RBI) reported a sharp rise in the value of its gold reserves for the week ending April 11, reflecting a global surge in gold prices.

According to data released by the RBI on Friday, the value of the central bank's gold holdings has tripled over the past year, highlighting a significant increase in its gold purchases during this period.

As per the latest data, the value of RBI's gold holdings surged by Rs 11,986 crore during the week ending April 11. As of that date, the total value of the RBI's gold reserves stands at Rs 6,88,496 crore.

This increase comes at a time when central banks across the world are stepping up their gold purchases amid growing economic and geopolitical uncertainties...