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World Gold Council report: RBI ranks 6th in buying gold abroad


World Gold Council report: RBI ranks 6th in buying gold abroad
 

The Reserve Bank of India was the 6th largest gold buyer abroad in the year 2019, as per the World Gold Council report titled, “World Gold Outlook 2020”.'

RBI currently holds 625.2 tonnes of gold, forming 6.6 % of forex reserves. RBI bought 7.5 tonnes of gold in Oct 2019, to increase its foreign exchange reserves to $450 billion.

The report says that gold has performed the best since 2010 in 2019.



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