The Reserve Bank of India has moved 100 metric tonnes of its gold reserves stored in the vaults in the UK to India in financial year 2023-24. The US’ gold holdings amount to 8,133.5 metric tonnes comprising 71.3% of its forex reserves. India’s gold holdings amount to 827.69 metric tonnes comprising 8.9% of its forex reserves. Like other countries, India …
In a significant move, the Reserve Bank of India has brought back 100 tonnes of gold to its domestic vaults for the first time since early 1991. RBI bringing back chunks from its gold reserves in the Bank of England reflects India’s economic strength and confidence. In response to the devastating economic situation, the Chandra Shekhar government decided to pledge …
The RBI added 4.7 tonnes of gold in February, taking its gold reserves to an all-time high of 817 tonnes. The RBI had added nearly 9 tonnes in January, which was the first monthly increase in its gold reserves since October 2023 and the largest since July 2022. The Reserve Bank of India bought 77 tonnes of gold in 2021 …
