Fri. Jun 14th, 2024

India transported 100 tons of gold from the Bank of England from its cache

Natasha Kumar By Natasha Kumar Jun1,2024

India transported 100 tons of gold from the Bank of England from its stockpiles

Photo: Indian horde of gold

The Reserve Bank of India has moved more than 100 tons of gold from Great Britain to its holdings. The biggest decline since 1991, if such a supply of gold has replenished the reserves that are kept in the Ukraine, writes The Times of India. At the end of the year, it had 822.1 tons of gold, of which 413.8 tons were outside the cordon.

The Reserve Bank saved part of its reserves from the Bank of England since 1991. Jerela The Times of India explained that the gold was moved for “logistical reasons” and to diversify savings.

According to the Indian official, the Reserve Bank of India will continue to increase gold purchases and anal Having learned the point of saving , at this hour the reserves of expensive metal outside the cordon were increasing. Through this part they planned to transport it to India.

After moving 100 tons of gold, the Reserve Bank reduced the amount of payments to the Bank of England for saving it. On the territory of India, gold reserves are stored in the old office bank on Mint Road near Mumbai, as well as in Nagpur.

For the world's data on gold for the first quarter of 2024, India I'll be in the top 10 The country has the largest reserves of gold – 822 tons. In the first three months of 2024, according to the organization, the Indian Bank increased its reserves by 18.51 tons. China ranks first in terms of gold reserves (2,262 tons).

Prepared by: Sergey Daga

Natasha Kumar

By Natasha Kumar

Natasha Kumar has been a reporter on the news desk since 2018. Before that she wrote about young adolescence and family dynamics for Styles and was the legal affairs correspondent for the Metro desk. Before joining The Times Hub, Natasha Kumar worked as a staff writer at the Village Voice and a freelancer for Newsday, The Wall Street Journal, GQ and Mirabella. To get in touch, contact me through my natasha@thetimeshub.in 1-800-268-7116

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