2 years, 10 months ago
RBI’s 77 tonne gold buy is 2nd highest
Deccan ChronicleChennai: The Reserve Bank of India bought 77 tonnes of gold in 2021 and this was the highest addition since 2009 when India bought 200 ton-nes from the International Monetary Fund, said the World Gold Council. In 2021, central banks accumulated 463 tonnes of gold and this was 82 per cent higher than 255 tonnes purchased in 2020. According to IMF data, global central bank gold reserves rose closer to 35,600 tonnes in 2021, the highest level since 1992. The Monetary Authority of Singapore bought gold for the first time after 21 years and Ireland since 2008.
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