RBI Transferred 100 Tonnes Of Gold From UK: For the first time a government took back gold held abroad, RBI brought back 100 tonnes of gold from Britain, know the reason Reserve Bank of India has called back the gold deposited in Britain. RBI has brought back 100 tonnes of gold from Britain. The gold was pledged with Britain in 1991 to avert India’s financial crisis, now As the loan taken by RBI has been repaid, this gold has been brought back.
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India will now keep most of its gold in its coffers, Sanjiv Sanyal, a member of the Economic Advisory Council of the Prime Minister of India, posted on X today.
According to figures released by the RBI, in the last financial year, the foreign currency reserves were 823 tonnes of gold. Also in 2022-2023 these foreign exchange reserves were more than 795 tonnes of gold.
Why RBI Transferred 100 Tonnes Of Gold From UK?
Let us tell you that in the year 1991, the government pledged this gold to overcome the financial crisis. At that time, the RBI had pledged about 45 tonnes of gold to take a $400 million loan from the Bank of England and the Bank of Japan. Here’s RBI Transferred 100 Tonnes Of Gold From UK.
The current value of this gold is ₹ 2,74,714.27 crore in 2024, which was ₹ 2,30,733.95 crore last year. This price has seen an increase of 19 percent in one year. As this gold is the property of the banking department, it is priceless.
The price of gold is increasing every year. This year too, the price of gold has been seen increasing. And is still growing. There is only one reason for the increase in gold prices, the ongoing political conflict between Russia and Ukraine in West Asia. The increase in physical gold demand has also seen an increase in gold prices.
RBI Transferred 100 Tonnes Of Gold From UK, How much gold reserves are held by central banks of India and major countries of the world? Let us give you complete information about the top 10 countries that have the largest gold reserves.
India had 500 tonnes of gold abroad
According to a World Gold Council report, India had about 800 tonnes of gold by the first quarter of fiscal 2024. Out of which 500 tonnes are kept abroad and 300 tonnes in India. America has the most tons of gold in the world. And it is currently in first place. America has about 8033 tons of gold. While India has 822 tons of gold. India is currently at number 9 in the world rankings.
These 10 countries have the most gold
Experts have said that in view of the worsening situation in the world due to the conflict in the Middle East and the continuous action of America against Russia, the RBI has decided to bring 100 tonnes of gold to India. This is the reason why many central banks of the world are continuously buying gold. Due to which the price of yellow metal is continuously increasing. According to the World Gold Council, these countries have the most gold in the world.
| Rank | Country | Gold Reserves (tons) | Value (million USD) |
|---|---|---|---|
| 1 | United States | 8,133.46 | $579,050.15 |
| 2 | Germany | 3,352.65 | $238,662.64 |
| 3 | Italy | 2,451.84 | $174,555.00 |
| 4 | France | 2,436.88 | $173,492.11 |
| 5 | Russia | 2,332.74 | $166,076.25 |
| 6 | China | 2,262.45 | $161,071.82 |
| 7 | Switzerland | 1,040.00 | $69,495.46 |
| 8 | Japan | 845.97 | $60,227.84 |
| 9 | India | 822.09 | $58,527.34 |
| 10 | Netherlands | 612.45 | $43,602.77 |
Conclusion
RBI Transferred 100 Tonnes Of Gold From UK, RBI brought back 100 tonnes of gold from Britain, know the reason Reserve Bank of India has called back the gold deposited in Britain. RBI has brought back 100 tonnes of gold from Britain. The gold was pledged with Britain in 1991 to avert India’s financial crisis, now As the loan taken by RBI has been repaid, this gold has been brought back.The current value of this gold is ₹ 2,74,714.27 crore in 2024, which was ₹ 2,30,733.95 crore last year. This price has seen an increase of 19 percent in one year. As this gold is the property of the banking department, it is priceless.
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