Dhanteras delight: RBI says 102-ton gold shifted to India

Quick Summary:

The Reserve Bank of India has transported another 102 tonnes of gold from the Bank of England to secure locations within the country, bringing the total to 510.5 tonnes held domestically out of 855 tonnes by the end of September.

This move is part of efforts to secure holdings amid global geopolitical tensions, with further shipments possible.

RBI data also revealed that RBI has increased its gold holdings, which at the end of Sept accounted for 9.3% of India’s foreign exchange reserves, compared with 8.1% in end-March.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Sidhartha

Category: EconomyBusiness

Markets: IndiaAustraliaBrazilChinaSouth Africa

Topics: Business news Bank of England Dhanteras Gold RBI

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-30 @ 07:45:24 (2 days ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 788 words

Reading Time: 5 minutes read

Sentences: 30 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 23335275

View Article Analysis

About Times of India

Main Topics: EconomyBusiness

Official Website: timesofindia.indiatimes.com

Update Frequency: 6 posts per day

Year Established: 1838

Headquarters: India

News Last Updated: 2 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #28

Publisher Details

Frequently Asked Questions