Gold Reserve News

Why did RBI transport 102 tonnes of Gold from Bank of England on Dhanteras?

RBI transports gold to India: This move reflects India’s ongoing strategy to safeguard its gold reserves in light of rising global geopolitical tensions, with further transfers being considered....
India's central bank relocates 100 tonnes of gold from UK for first time ever since 1991; Deets inside

According to the data, at the end of March RBI had around 822.1 tonnes of gold, of which 413.8 tonnes were stored overseas. The amount of precious metal that RBI has stocked up has increased gradually over the years. ...
Why is RBI's gold reserves at all time high amid soaring prices?

RBI's foreign exchange reserves have also hit an all-time high, soaring to $645.6 billion by the end of March 2024....
India surpasses Saudi Arabia to become one of largest gold producers globally; Check list here

According to the list released by the WGC, India is placed at the ninth spot and is ahead of Saudi Arabia and UK....

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