Johannesburg - The South African Reserve Bank’s (Sarb’s) rand-denominated holdings of gold and foreign assets rose by R9.2bn to R459.9bn in March‚ data released by the Sarb on Monday showed.
Foreign exchange reserves excluding gold and SDRs rose by R6.8bn to R376bn‚ while gold reserves jumped by R2.1bn to R59.3bn. SDR reserves added R377m to R24.6bn.
The valuation increase was due to a higher gold price.
Physical gold holdings rose by just 76 ounces to 4‚021‚814 ounces.