October 30, 2024 11:58 AM

RBI increases gold reserves to 855 metric tonnes; forex reserves cover 11.2 months of imports

India's total gold reserves held by the Reserve Bank of India (RBI) amount to 854.73 metric tonnes, according to the central bank's latest report. Released on Tuesday, the report indicates that a significant portion of these reserves, 510.46 metric tonnes, is stored domestically within India. The remaining gold reserves are held abroad, with 324.01 metric tonnes kept in safe custody at the Bank of England and the Bank for International Settlements (BIS). Additionally, 20.26 metric tonnes of go...