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60% gold reserves held domestically: RBI data
Business Standard
|October 30, 2024
Amount of yellow metal increased by 100 tonnes between April and Sep
Gold reserves held domestically have increased to 60 per cent of the total holding as of September 30 as against 50 per cent at the end of March, the latest data released by the Reserve Bank of India (RBI) shows.
The RBI's "Half Yearly Report on Management of Foreign Exchange Reserves" says gold held domestically rose more than 100 tonnes between April and September to 510.46 metric tonnes against 408 metric tonnes at the end of March. As on September 30, the RBI held 854.73 tonnes of gold against 822.10 tonnes at the end of the previous financial year.
This story is from the October 30, 2024 edition of Business Standard.
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