It has recently been shown by Goldberg et al. that the holonomy group
of the chiral spin-connection is preserved under time evolution in vac
uum general relativity. Here, the underlying reason for the time-indep
endence of the holonomy group is traced to the self-duality of the cur
vature 2-form for an Einstein space. This observation reveals that the
holonomy group is time-independent not only in vacuum, but also in th
e presence of a cosmological constant. It also shows that once matter
is coupled to gravity, the ''conservation of holonomy'' is lost. When
the fundamental group of space is non-trivial, the holonomy group need
not be connected. For each homotopy class of loops, the holonomies co
mprise a coset of the full holonomy group modulo its connected compone
nt. These cosets are also time-independent. All possible holonomy grou
ps that can arise are classified, and examples are given of connection
s with these holonomy groups. The classification of local and global s
olutions with given holonomy groups is discussed.