RBI's gold reserves rise to 794.64 tonne at March-end 2023

RBI's gold reserves rise to 794.64 tonne at March-end 2023

Daily Current Affairs / RBI's gold reserves rise to 794.64 tonne at March-end 2023

Change Language English Hindi

Category : Business and economics Published on: May 11 2023

Share on facebook

The Reserve Bank of India (RBI) added 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 held 760.42 metric tonnes as of March 31, 2022, compared to 695.31 metric tonnes as of March 31, 2021.
The gold reserves as of March 31, 2023, included gold deposits of 56.32 metric tonnes, according to the RBI’s half-yearly report on Management of Foreign Exchange Reserves- October 2022 – March 2023.
A recent World Gold Council (WGC) report showed that the RBI added 7 metric tonnes of gold in January-March 2023.
The RBI is not alone in its efforts to increase its gold reserves. Other central banks, including the Monetary Authority of Singapore (MAS), the People’s Bank of China (PBoC), and the Central Bank of the Republic of Turkey, have also been buying gold as part of the diversification of their foreign exchange reserves.

Recent Post's

Jannik Sinner defeated Jiri Lehecka to complete the historic Sunshine Double at Miami Open 2026 without dropping a single set.
Read More....
AIIMS New Delhi alumna Nisha Mehta was sworn in as Nepal’s Health and Population Minister on March 27, 2026.
Read More....
India hosted a major maritime security exercise under IONS in Kochi and assumed chairmanship for 2026-2028 term.
Read More....
Mahavir Jayanti 2026 is being celebrated with great devotion today on March 31, marking the birth anniversary of Lord Mahavir.
Read More....
Jammu & Kashmir’s 19-year-old Sheetal Devi was named Para Archer of the Year 2025 by World Archery.
Read More....
Popular Bengali actor Rahul Arunoday Banerjee died at 43 in a tragic shooting accident near Digha coastal town.
Read More....
Raymond Group former Chairman and Padma Bhushan awardee Vijaypat Singhania passed away at the age of 87.
Read More....
Adani Defense delivered the first batch of 2000 ‘Prahar’ Light Machine Guns to the Indian Army, 11 months ahead of schedule.
Read More....
The Union Government launched the Amrit Bharat Station Scheme for redevelopment of 1338 railway stations across India.
Read More....
Sunil Narine became the most-capped overseas player in IPL history with his 190th match for Kolkata Knight Riders.
Read More....