New Delhi: Bharat has witnessed an increase in its gold reserves, securing the ninth position globally, as per the latest data released by the World Gold Council. The Treasury now holds 2,191.53 tonnes of gold, valued at 131,795 million dollars. This positions Bharat ahead of affluent countries such as Saudi Arabia and the United Kingdom.
The United States leads the list with 8,133.46 tonnes of gold reserves, followed by Germany with 3,352 tonnes. Italy, France, and Russia claim the third, fourth, and fifth positions, respectively.
Gold reserves play a pivotal role in ensuring the financial stability of a country. It is widely regarded as a stable and reliable investment, instilling confidence in a nation’s economic strength. The Bharatiya Reserve Bank’s gold holdings reflect Bharat’s commitment to maintaining a strong financial foundation. Also, gold plays a crucial role in supporting the value of a nation’s currency.