Know how much Gold Reserve India owns and its importance in economy
Know how much Gold Reserve India owns and its importance in economy
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Bengaluru: Although the claims of getting more than 3000 tonnes of gold in the Sonbhadra district of Uttar Pradesh may have been false, currently India still has reserves of about 626 tonnes of gold, which is with the Central Bank Reserve Bank of India (RBI). Is safe. The gold reserves of the central bank of any country are also reflective of its strong economic condition, which also acts as a distressor in times of economic crisis.

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It is worth mentioning that a similar incident exists in Indian history when the Indian government had to pledge 47 tonnes of gold from the reserves of safe gold in the RBI to save the Indian economy struggling with payment crisis. This is between 1990-91 when Chandrashekhar became the Prime Minister of the country for only 7 months. This period was very embarrassing for the country, but it was only the gold reserves from which the Indian economy could be protected.

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According to a report by the World Gold Council, India currently has about 626 tonnes of gold reserves and if the false figures of gold reserves spread in Sonbhadra district were correct, India would be the world's top-3 on gold reserves. Used to join countries. Refuting the rumors being spread by the media about the gold reserves in the Sonbhadra district of UP, the Geological Survey and India (GSI) has clarified that only 164 kg of gold is likely to be stored in the Sonbhadra district and 3300 tonnes were spread. There are rumors of gold reserves.

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