Table of Contents
Context
RBI buys 32.63 tonnes of gold in the first half of FY25.
About India’s Gold Reserves
- RBI holds73 metric tonnes of gold, of which 510.46 metric tonnes were held domestically & 324.01 metric tonnes of gold were kept in safe custody with the Bank of England and the Bank for International Settlements (BIS).
- As of September 2024, the share of gold in the total foreign exchange reserves is about32%.
- Top Gold Reserve Holding Countries:
- United States (8,133.46 tonnes)
- Germany
- Italy
- France
- India (8th)
- Top Gold Producers: China, Australia, Russia, Canada, USA.
- Karnataka is the largest producer of gold in India.
- Hutti Gold Mines (Karnataka) is the only producer of primary gold in the country.
UPSC PYQ |
| Q. Consider the following statements: (2023)
Statement-I: Switzerland is one of the leading exporters of gold in terms of value. Statement-II: Switzerland has the second largest gold reserves in the world. Which one of the following is correct in respect of the above statements? (a)Â Â Â Both Statement-I and Statement-II are correct and Statement-II is the correct explanation for Statement-I. (b)Â Â Â Both Statement-1 and Statement-II are correct and Statement-II is not the correct explanation for Statement-I. (c)Â Â Â Statement-l is correct but Statement-II is incorrect. (d)Â Â Â Statement-I is incorrect but Statement-II is correct. Answer: C |
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