Add 75 tonnes of gold to RBI's gold reserves

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MUMBAI: The gold reserves of the Reserve Bank of India (RBI) have increased by 8 tonnes in the last one year to 6.5 tonnes at the end of September this year, according to RBI data. At current market prices, the value of this gold is expected to touch Rs 2.50 lakh crore.

If we talk about the overall forex reserves with the RBI, this figure is currently around અ 20 billion, or Rs 4.5 lakh crore. This includes 3 tons of gold reserves.

At the end of September 2020, the Reserve Bank had a total gold reserve of 7.5 tonnes. This is an increase of 11 per cent in the last one year, according to RBI data.

India is the ninth largest country in the world in terms of gold reserves. Out of the total gold of the Reserve Bank, 21.5 tonnes of gold is kept in safe custody of the Bank of England and Bank of International Settlements abroad, while 2.50 tonnes of gold fell in India.

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