RBI increases gold reserves by 24 tonnes amid geopolitical tensions, reaching 827.69 tonnes by April 26, 2024.
The Reserve Bank of India (RBI) has significantly increased its gold reserves in recent months amid geopolitical tensions, purchasing approximately 24 tonnes of gold between January and April this year compared to 16 tonnes throughout 2023. The central bank added these 24 tonnes as a precautionary measure due to rising geopolitical tensions. By April 26, 2024, the RBI's gold reserves reached 827.69 tonnes.
May 27, 2024
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