RBI emerges as 2nd largest buyer of gold in 2021

RBI emerges as 2nd largest buyer of gold in 2021

Daily Current Affairs / RBI emerges as 2nd largest buyer of gold in 2021

Change Language English Hindi

Category : Business and economics Published on: February 11 2022

Share on facebook

The Reserve Bank of India (RBI) emerged as the second-largest buyer of yellow metal among the world's Central Banks in 2021.
The largest buyer, the Central Bank of Thailand, bought 90 metric tonnes of gold while RBI bought 77.5 metric tonnes taking its total gold reserve to 754.1 tonnes at the end of December 2021.
India’s official gold reserves is ninth-largest in the world.
In 2009, India bought 200 tonnes of gold from the International Monetary Fund (IMF).
At the end of December 2021, RBI gold reserves stood at 754.1 tonnes, which amounts to 6.22 percent of India’s forex reserves. As per RBI data, India’s total reserves at the end of December 31, 2021, stood at $633.61 billion, including gold reserves worth $39.405 billion.

Recent Post's

India ranks 9th globally in forest area and 3rd in annual forest gain due to successful afforestation and community conservation initiatives.
Read More....
NITI Aayog and DP World launch ‘We Rise’ to mentor 100 women-led MSMEs and promote their global trade and exports.
Read More....
Bolivia elects center-right Rodrigo Paz as president, ending 20 years of socialist rule and promising economic reforms and decentralization.
Read More....
US and Australia sign $8.5B deal to boost rare earths supply, reduce reliance on China, and secure critical minerals.
Read More....
Sanae Takaichi becomes Japan’s first female PM, implementing Abenomics-style reforms and conservative social and defense policies.
Read More....
Transgender activist Akkai Padmashali joins Supreme Court committee as first transgender member to draft national inclusion policy.
Read More....
Max Verstappen wins 2025 US Grand Prix from pole, narrowing Piastri’s lead and keeping the F1 championship race alive.
Read More....
India upgrades its Kabul mission to a full embassy to enhance development, aid, and strategic engagement while not recognizing Taliban.
Read More....
Ayodhya’s Deepotsav 2025 sets Guinness records with 26 lakh diyas and 2,128 priests performing synchronized Maha Aarti.
Read More....
Tuvalu becomes 90th IUCN member, gaining global support for conservation, climate adaptation, and biodiversity protection.
Read More....