India Gold Reserve

The Reserve Bank of India transferred 100 metric tonnes of gold from the United Kingdom to domestic vaults in FY24, making it one of the largest gold movements since 1991, according to reports.

India has moved 100 metric tonnes of its gold stored in the UK to domestic vaults in FY24, sources said today.

Reserve Bank Governor Shaktikanta Das today said India has been building up gold reserves as part of its forex deployment.

The Reserve Bank of India on Monday ordered non-bank finance company IIFL Finance to stop sanctioning, disbursing and selling gold loans with immediate effect, citing "material supervisory concerns" in its gold loan portfolio.

Despite being officially abandoned in the 1970s, many countries still maintain gold reserves and now the demand for these reserves is rising due to growing economic uncertainty.

In the previous reporting week, the overall reserves had dropped by USD 7.273 billion to USD 594.888 billion.

Jewellers in India have started receiving more inquiries for purchase of gold or silver immediately after the Reserve Bank's announcement to withdraw Rs 2,000 notes from circulation.

The famed Guruvaur Sree Krishna Temple in this central Kerala district, which recently revealed details of bank deposits to the tune of over Rs 1,700 crore, has declared that it also has over 260 kg of gold in stock.

In a joint operation, Assam Police and Central Reserve Police Force (CRPF) arrested two persons and seized 2.323 kg of gold from a passenger bus in Karbi Anglong district on Saturday night.

Country's foreign exchange reserves increased by $3.854 billion to $601.363 billion in the week ended May 27

The Bihar government has decided to accord permission for exploration of the "country's largest" gold reserve in Jamui district.

Gold prices on April 25, 2022: Yellow metal prices on Monday fell marginally in the domestic market as gold futures slidto Rs 51, 874 per 10 grams

Gold price today: Yellow metal rates were higher on the MCX, asgold June futures were trading Rs 376 or 0.7 per cent up at Rs 52,560 per 10 gram

Gold price on April 7, 2022: Yellow metal prices were steady on the MCX as gold futures stood at Rs 51,623 per 10 gram

Country's forex reserves slumped by $2.597 billion to $619.678 billion during the week ending March 18

The Reserve Bank of India transferred 100 metric tonnes of gold from the United Kingdom to domestic vaults in FY24, making it one of the largest gold movements since 1991, according to reports.

India has moved 100 metric tonnes of its gold stored in the UK to domestic vaults in FY24, sources said today.

Reserve Bank Governor Shaktikanta Das today said India has been building up gold reserves as part of its forex deployment.

The Reserve Bank of India on Monday ordered non-bank finance company IIFL Finance to stop sanctioning, disbursing and selling gold loans with immediate effect, citing "material supervisory concerns" in its gold loan portfolio.

Despite being officially abandoned in the 1970s, many countries still maintain gold reserves and now the demand for these reserves is rising due to growing economic uncertainty.

In the previous reporting week, the overall reserves had dropped by USD 7.273 billion to USD 594.888 billion.

Jewellers in India have started receiving more inquiries for purchase of gold or silver immediately after the Reserve Bank's announcement to withdraw Rs 2,000 notes from circulation.

The famed Guruvaur Sree Krishna Temple in this central Kerala district, which recently revealed details of bank deposits to the tune of over Rs 1,700 crore, has declared that it also has over 260 kg of gold in stock.

In a joint operation, Assam Police and Central Reserve Police Force (CRPF) arrested two persons and seized 2.323 kg of gold from a passenger bus in Karbi Anglong district on Saturday night.

Country's foreign exchange reserves increased by $3.854 billion to $601.363 billion in the week ended May 27

The Bihar government has decided to accord permission for exploration of the "country's largest" gold reserve in Jamui district.

Gold prices on April 25, 2022: Yellow metal prices on Monday fell marginally in the domestic market as gold futures slidto Rs 51, 874 per 10 grams

Gold price today: Yellow metal rates were higher on the MCX, asgold June futures were trading Rs 376 or 0.7 per cent up at Rs 52,560 per 10 gram

Gold price on April 7, 2022: Yellow metal prices were steady on the MCX as gold futures stood at Rs 51,623 per 10 gram

Country's forex reserves slumped by $2.597 billion to $619.678 billion during the week ending March 18