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Reserve Bank gold reserves rose 4.5% to ______ tonnes in 2022-23.
A)
794.64
B)
798.60
C)
807.12
D)
823.47

Correct Answer :   794.64


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.

* “While 437.22 metric tonnes of gold is held overseas in safe custody with the Bank of England and the Bank of International Settlements (BIS), 301.10 metric tonnes of gold is held domestically,” the report said.

* As of March 31, 2023, the country’s total foreign exchange reserves stood at $578.449 billion, and gold reserves were at $45.2 billion.

* In value terms (USD), the share of gold in the total foreign exchange reserves increased from about 7 per cent at end-March 2022 to about 7.81 per cent as at end-March 2023. The share of gold reserves to the country’s total forex reserves stood at 7.06 per cent as of end-September 2022.

* A recent World Gold Council (WGC) report showed that the RBI added 7 metric tonnes of gold in January-March 2023..

Source : Indian Express

Published On : May 10, 2023
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