Current Trends in Indian Economy
100 metric tonnes of gold
▪ India has moved 100 metric tonnes of its gold stored in the U.K. to domestic vaults in Fiscal Year 2024.
▪ India’s overall gold holding increased 27.46 metric tonnes in FY24 and it stands at 822 metric tonnes.
Note
▪ All banknotes issued by RBI are backed by assets such as gold, Government Securities and Foreign Currency Assets, as defined in Section 33 of the RBI Act, 1934.
