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RESERVE BANK of INDIA GEODATA FORM Affix a Sign

RESERVE BANK of INDIA GEODATA FORM Affix a Sign

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[Music] in FY 2024 India moved 100 metric tons of gold from the United Kingdom to domestic locations the Gold's movement is occuring at a time of increased geopolitical tensions globally the movement was said to be one of the biggest gold movements undertaken by India since 1991 when it had to pledge a substantial part of the gold holding to TI over a foreign exchange crisis now recently the RBI has added another 102 metric tons to the domestically held gold in April to September of this year the quantity of the precious metals stored in local saes stood at 51046 mric tons as of September 30th up from over 48 mric tons as of March 31st 20124 the central bank said that it had added another 32 metric tons of gold reserves in the 6mon period bringing the overall tonnage to 85473 metric tons India has been gradually moving gold reserves to local walls which are set to be located in the financial capital and napur over the past few years in value terms the share of gold in the total

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