Reserve Bank’s gold reserves rose 4.5% to 794.64 tonnes in 2022-23

Reserve Bank’s gold reserves rose 4.5% to 794.64 tonnes in 2022-23 – The Reserve Bank of India (RBI) obtained 34.22 metric tonnes of gold in the fiscal year that ended March 31, 2023, taking the total gold reserves to 794.64 metric tonnes.

• RBI had 760.42 metric tonnes as of March 31, 2022, compared to 695.31 metric tonnes as of March 31, 2021.
• As per RBI’s half-yearly report on Management of Foreign Exchange Reserves- October 2022 – March 2023, The gold reserves as of March 31, 2023, included gold deposits of 56.32 metric tonnes.
• World Gold Council (WGC) report revealed that the RBI obtained 7 metric tonnes of gold in January-March 2023.

Also Read –

• Pakistan’s economic crisis: Hajj quota surrender
• Fitch affirms India’s rating at ‘BBB-‘; maintains stable outlook
• FASTag daily toll collection crosses 193 crore-mark