World Gold Council report: RBI ranks 6th in buying gold abroad

19-Jan-2020
1557 Days
234
0

The World Gold Council (WGC) recently released its report, “World Gold Outlook 2020”. The report says that gold has performed the best since 2010 in 2019.
In 2019, the gold trade in USD has increased by 18.4% as compared to 2010.

Highlights: India

According to the WGC, RBI (Reserve Bank of India) currently holds 625.2 tonnes of gold. This is 6.6% of the country’s foreign exchange. With this, India ranks sixth in the world among other central banks.

< Previous Economics Next New Economic Policy Govt Sec >

People also Read

Economics

Last Update: 08-Dec-2022

Recent Economic Trends

Recent Economic Trends RBI increase repo rate 35 bps…

08-Dec-2022

New Economic Policy Govt Sec

Last Update: 01-May-2020

RBI most popular among central banks

The Reserve Bank of India is not the most…

01-May-2020

New Economic Policy Govt Sec

Last Update: 27-Apr-2020

Transcorp becomes the 1st non-bank company…

The Leading forex and payment solutions provider Transcorp International…

27-Apr-2020

New Economic Policy Govt Sec

Last Update: 18-Apr-2020

RBI announces fresh relief measures to…

Reserve Bank of India (RBI) Governor Shaktikanta Das on…

18-Apr-2020

New Economic Policy Govt Sec

Last Update: 16-Apr-2020

RBI to launch Sovereign Gold Bonds…

The Central government after exercising its power conferred under…

16-Apr-2020

World Organisations

Last Update: 11-Apr-2020

Nirmala Sitharaman, RBI Governor to meet…

Finance Minister Nirmala Sitharaman and RBI Governor Shaktikanta Das…

11-Apr-2020

New Economic Policy Govt Sec

Last Update: 02-Apr-2020

RBI announced additional measures to tackle…

The Reserve Bank of India (RBI) has announced additional measures namely-…

02-Apr-2020

New Economic Policy Govt Sec

Last Update: 31-Mar-2020

Merger of 10 state-run banks into…

The mega bank consolidation plan is all set to…

31-Mar-2020

New Economic Policy Govt Sec

Last Update: 07-Mar-2020

RBI announces draft revival plan for…

The Reserve Bank of India (RBI) placed in public…

07-Mar-2020

New Economic Policy Govt Sec

Last Update: 28-Feb-2020

RBI introduced 12 indicators for calculating…

Reserve Bank of India (RBI) has come up with…

28-Feb-2020

Current Affairs Calender