DNA Television Show: Why RBI increasing gold reserves in the middle of record high rate of yellow metal

By the end of September, the RBI had an overall of 855 tonnes of gold, of which 510.5 tonnes were protected within India. Gold costs saw a high rise of Rs 1,000 and breached the Rs 82,000 per 10 grams mark for the very first time in Delhi on Wednesday, amidst robust purchasing by jewellers ahead of Diwali. Considering that it is Diwali, individuals purchase it even at a high rate. Today, the rate of 10 grams of gold is Rs 79,621. If somebody wishes to purchase 1 kg of gold, s/he will need to invest about Rs 80 lakh. Gold has actually ended up being more costly by more than 200 percent in the last 10 years. On the event of Dhanteras, RBI stated that through a secret objective, 102 tonnes of gold had actually been given India from the Bank of England, UK. An overall of 214 tonnes of gold has actually been brought into the nation because September 2022. By the end of September, the RBI had an overall of 855 tonnes of gold, of which 510.5 tonnes were protected within India. Now why is this being done, why a lot gold is being brought into the nation? The factor behind it is the wars going on in various parts of the world for the previous couple of years. Due to this, it is not safe to keep gold outdoors which is why RBI is bringi
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