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RBI parks majority of its gold reserves in India; Local holdings up 100 tonnes in H1

By Economic Times - 4 weeks ago
The Reserve Bank of India increased its domestic gold holdings by over 100 metric tonnes by September 2024. It now holds 854.73 metric tonnes of gold, with a significant portion stored domestically. The share of gold in the RBI's total foreign exchange reserves also rose to 9.32%, amidst a rise in overall foreign reserves to $705.78 billion.

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