India’s gold reserve hike to 855 metric tonnes despite global economic slowdown

Quick Summary:

India's gold reserves, managed by the Reserve Bank of India, total 854.73 metric tonnes, with 510.46 metric tonnes stored domestically and 324.01 metric tonnes internationally.

Gold’s share in India's foreign exchange reserves increased to 9.32% by September 2024, from 8.15% in March 2024, reflecting its rising importance amid global economic fluctuations.

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Article Details

Author / Journalist: TOI Business Desk

Category: EconomyBusiness

Markets: IndiaAustraliaIsraelMali

Topics: Reserve Bank of India Gold holdings Business news Foreign exchange reserves India gold reserves Gold reserve

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-30 @ 16:15:09 (1 days ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 812 words

Reading Time: 5 minutes read

Sentences: 24 lines

Sentence Length: 34 words per sentence (average)

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Copyright Owner: © Times of India

News ID: 23337273

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