Win up to 100% Scholarship

Register Now
Home  »   Current Affairs  »   Gold Reserves in India

Gold Reserves in India

November 20, 2023

GS Paper III Indian Economy

Context:

  • Recently, the Reserve Bank of India (RBI) acquired nine tonnes of gold in the September quarter and the Global central banks collectively purchased 337 tonnes during the same period.

Gold Reserves In India and India’s Gold Reserves Ranking

  • Gold reserves in India reached 806.7 tonnes as of September end.
  • The country holds the 10th position in global rankings, according to the World Gold Council (WGC).

Accumulation Trend:

  • RBI’s gold purchases in 2023 totalled 19.3 tonnes.
  • The central bank has consistently added to its gold reserves since 2017, accumulating 248.9 tonnes by the current year.

Gold’s Share in Forex Reserves:

  • As of September 29, India’s total forex reserves stood at $586.9 billion.
  • Gold’s value in these reserves was $43.7 billion, representing 7.44% of the total reserves.

About World Gold Council (WGC):

  • The World Gold Council (WGC) is an international organization formed in 1987 by some of the world’s most forward-thinking mining companies.
  • Member: The World Gold Council’s 33 Members are some of the world’s most forward-thinking gold mining companies.
  • Headquarter: London (UK)

News Source: Livemint

 

Print Friendly, PDF & EmailDOWNLOAD PDF

To get PDF version, Please click on "Print PDF" button.

Print Friendly, PDF & EmailDOWNLOAD PDF

Recent Editorial

SC Verdict on Newsclick Shows Adherence to Due Pro...

Stay Invested: On Chabahar and India-Iran Relation...

Credit Rating Agencies, Impact on India’s De...

Catapulting Indian Biopharma Industry

Globalisation Under Threat, US Import Tariffs Have...

Global Report on Hypertension, Global Insights and...

Popular current affairs

Kinmen Island, Location, and Map

India and Eurasian Economic Union to start FTA tal...

Arogya Maitri Sahayata Cube- Project BHISHM

AI Regulatory Sandboxes

Dust Storms

Use of AI in Drug Development

Our Courses

Our Courses

THE MOST
LEARNING PLATFORM

Learn From India's Best Faculty

# #
      
Subscribe our Newsletter
Sign up now for our exclusive newsletter and be the first to know about our latest Initiatives, Quality Content, and much more.
*Promise! We won't spam you.
Yes! I want to Subscribe.

Contact Details

G-Floor,4-B Pusha Road, New Delhi, 110060

Download Our App

# #
Copyright © 2023 PWOnlyIAS
Privacy Policy Refund And Cancellation Policy FAQ Terms & ConditionSitemap

 Final Result – CIVIL SERVICES EXAMINATION, 2023.   Udaan-Prelims Wallah ( Static ) booklets 2024 released both in english and hindi : Download from Here!     Download UPSC Mains 2023 Question Papers PDF  Free Initiative links -1) Download Prahaar 3.0 for Mains Current Affairs PDF both in English and Hindi 2) Daily Main Answer Writing  , 3) Daily Current Affairs , Editorial Analysis and quiz ,  4) PDF Downloads  UPSC Prelims 2023 Trend Analysis cut-off and answer key

THE MOST
LEARNING PLATFORM

Learn From India's Best Faculty

# #
      
Follow Us:
Subscribe our Newsletter
Sign up now for our exclusive newsletter and be the first to know about our latest Initiatives, Quality Content, and much more.
*Promise! We won't spam you.
Yes! I want to Subscribe.

Contact Details

G-Floor,4-B Pusha Road, New Delhi, 110060

Download Our App

# #
Copyright © 2023 PWOnlyIAS
Privacy Policy Refund And Cancellation Policy FAQ Terms & ConditionSitemap

 Final Result – CIVIL SERVICES EXAMINATION, 2023.   Udaan-Prelims Wallah ( Static ) booklets 2024 released both in english and hindi : Download from Here!     Download UPSC Mains 2023 Question Papers PDF  Free Initiative links -1) Download Prahaar 3.0 for Mains Current Affairs PDF both in English and Hindi 2) Daily Main Answer Writing  , 3) Daily Current Affairs , Editorial Analysis and quiz ,  4) PDF Downloads  UPSC Prelims 2023 Trend Analysis cut-off and answer key
Quick Revise Now !
AVAILABLE FOR DOWNLOAD SOON
UDAAN PRELIMS WALLAH
Comprehensive coverage with a concise format
Integration of PYQ within the booklet
Designed as per recent trends of Prelims questions
हिंदी में भी उपलब्ध
Quick Revise Now !
UDAAN PRELIMS WALLAH
Comprehensive coverage with a concise format
Integration of PYQ within the booklet
Designed as per recent trends of Prelims questions
हिंदी में भी उपलब्ध

<div class="new-fform">







    </div>

    Subscribe our Newsletter
    Sign up now for our exclusive newsletter and be the first to know about our latest Initiatives, Quality Content, and much more.
    *Promise! We won't spam you.
    Yes! I want to Subscribe.