RBI has brought 100 tonnes of gold from England to India.
The Reserve Bank of India has been hoarding large amounts of gold in recent years. At the end of March, RBI held 822.1 tonnes of gold. Out of that 413.8 tonnes of gold is in foreign countries.
RBI has bought 27 tonnes of gold during the period from January to April this year. In this situation, the RBI has brought 100 tonnes of gold from the Bank of England to India.
The gold, which was brought in by special flight, is kept safe in Mumbai’s Mint Road and the old RBI office building in Nagpur.
This gold required months of planning and precise processing. It is noteworthy that many departments of the government, including the Ministry of Finance, Reserve Bank, and local authorities have worked together.
It is noteworthy that India is one of the top 10 countries with the largest gold reserves in the world.
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