RBI adds 204 tonne gold since 2019
The New Indian Express|June 01, 2024
The central bank shifts 100 tonne of the metal from UK to its vaults, first time since 1991
BENN KOCHUVEEDAN
RBI adds 204 tonne gold since 2019

FROM pledging nearly half of the entire gold reserves-a tad less than 47 tonne-with the IMF way back in January 1991 to tide over an immediate balance of payments crisis, the Reserve Bank has come a long way as it has added 204 tonne of gold between 2019 and March 2024, ramping up the reserves from 618.2 tonne in March 2019 to 822.1 tonne as of March 2024.This has happened even as the bullion price has skyrocketed during this period.

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