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

Correct option is B

The Correct Answer is: (b) 822.10 metric tonnes
Explanation:
As of March 31, 2024, the Reserve Bank of India (RBI) held a total of 822.10 metric tonnes of gold. This comprised 408.31 metric tonnes stored domestically and the remainder held overseas with institutions like the Bank of England).​
Information Booster:
  • 387.26 tonnes were held overseas with the Bank of England and BIS.

  • 26.53 tonnes were held as gold deposits, adding to RBI’s income-generating assets.

  • In May 2024, RBI repatriated over 100 tonnes of gold from the UK to India.

  • Gold reserves are part of India's foreign exchange reserve basket managed by RBI.

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