look news india
In a major move, India's central bank has brought back more than 100 tonnes of gold from Britain to the local treasury. This will be the first time since 1991 that the Reserve Bank of India (RBI) has added a significant amount to domestic gold holdings. The move was taken for logistical reasons as well as storage diversity. Not only this, a similar amount of gold is likely to come to India again in the coming months.
According to the latest data, the RBI held 822.1 tonnes of gold as of the end of March. Of which 413.8 tonnes was abroad. A large amount of gold has been brought to India by the central bank in recent years. 27.5 tonnes of volume was added to it in the last fiscal year. The Bank of England has traditionally served as the repository for many central banks, and India is no exception, with some of its gold reserves stored in London since before independence.
How much gold is kept and where?
308 tonnes of gold is held in India to support the notes issued
The baking department has 514.1 tonnes of gold as assets, out of which 100.3 tonnes of gold is in India and 413.8 tonnes of gold is abroad.
How much gold was in RBI's assets in which year?
Year Gold (in tonnes)
2019 618.2
2020 661.4
2021 695.3
2022 760.4
2023 794.6
2024 822.1
