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India has the world's 7th highest gold reserves! Why is RBI buying gold and how does it help the Indian economy?

Times of India LogoTimes of India9h ago

India has the world's 7th highest gold reserves! Why is RBI buying gold and how does it help the Indian economy? - Times of India

Quick Summary:

The Reserve Bank of India (RBI) has been aggressively buying gold for the last few years.

Analysis of World Gold Council data shows that the percentage of gold in India’s total foreign exchange reserves has spiked in the last few years.

Which explains why central banks around the world have been increasingly purchasing gold in the last few years amidst ongoing global economic volatility.

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India has the world's 7th highest gold reserves! Why is RBI buying gold and how does it help the Indian economy? - Times of India (Picture 1)

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Article Details

Author / Journalist: Smriti Jain

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-30 @ 13:46:12 (9 hours ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 1314 words

Reading Time: 8 minutes read

Sentences: 52 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 28294596

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About Times of India

Times of India Logo

Main Topics: EconomyBusiness

Official Website: timesofindia.indiatimes.com

Update Frequency: 34 posts per day

Year Established: 1838

Headquarters: India

News Last Updated: 1 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #28

Publisher Details

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The story "India has the world's 7th highest gold reserves! Why is RBI buying gold and how does it help the Indian economy?" was covered 9 hours ago by Times of India, a news publisher based in India.

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Times of India is a fully independent (privately-owned) news outlet established in 1838 that covers mostly economy and business news.

The outlet is headquartered in India and publishes an average of 34 news stories per day.

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  • URL: https://chronographically.beamstart.com/news/india-has-the-worlds-7th-17459945353998

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