Question

As of end-March 2024, what was the total quantity of gold held by the Reserve Bank of India?

• A. 265.53 metric tonnes
• B. 822.10 metric tonnes
• C. 387.26 metric tonnes
• D. 408.31 metric tonnes

Answer 1

Answer:

B. 822.10 metric tonnes

As of end-March 2024, the Reserve Bank of India (RBI) held a total of 822.10 metric tonnes of gold. This amount represented the RBI's total gold reserves at that time. At the end of March 2024, the RBI held 822.10 metric tonnes of gold, of which 408.31 metric tonnes were held within the country. In value terms based on US dollars, the share of gold in the total foreign exchange reserves rose to 9.32% as of September 30 from 8.15% at the end of March.