RBI Gold Deposits: Whether you have invested in gold for safe investment in the period of rising inflation and declining stock market, but you will be surprised to know that in the last one year the central bank of the country RBI (RBI) doubled the purchase of gold. In 2021-22, the Reserve Bank of India has bought 65 tonnes of gold. Now the total gold stock with RBI has increased to 760.42 lakh tonnes.
Bought gold due to global turmoil!
In fact, keeping in mind the volatility in the Global Financial Market due to global tension, RBI has bought a lot of gold for better returns and safe investment. Let us tell you that between June 2020 and March 2021, RBI had bought 33.9 tonnes of gold. But in 2021-22, RBI has bought almost double i.e. 65 tonnes of gold.
Gold worth Rs 3.22 lakh crore
If we look at the value of RBI’s gold holding, it has increased by 30 percent to Rs 3.22 lakh crore. In which gold worth Rs 1.25 lakh crore is with the RBI’s Issue Department and Gold, which also includes gold deposits. At the same time, gold worth Rs 1.97 lakh crore is kept as an asset in the banking department. According to the RBI, the main reason for the increase in the gold value of the Central Bank is the excess gold bought by it along with the rise in gold prices in the international market. So due to the weakness in the rupee against the dollar, the value has also increased.
Plenty of gold stock with RBI
RBI’s assets comprise 28.22 per cent of foreign currency assets and 71.78 per cent of gold assets are included. RBI had 760.42 tonnes of gold in the financial year ended March 31, 2022, of which 453.52 tonnes is kept in Bank of England and Bank of International Settlement. Whereas 295.82 tonnes of gold is in India.
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