Click here to get this article in PDF
TheHinduBusinessLine/SKLokeshwarri/5-6-2021
“It is, therefore, surprising that not much attention has been given to the RBI’s revised stance towards accumulation of gold reserves. India’s gold reserves have been increasing at a steady pace over the last three years. These purchases have added 137 tonnes to the gold reserves between December 2017 and March 2021. The share of gold in India’s foreign exchange reserves has increased to 7 per cent currently, from 5 per cent in March 2017.”
USAGOLD note: The Reserve Bank of India is one of many central banks accumulating gold – some quietly, some with fanfare. RBI is among those quietly going about the business of building gold reserves, as noted in this article.
The post Today’s top gold news & opinion first appeared on Today’s top gold news and opinion.