India ranks ninth with 768.8 t tons in the top ten countries with the most gold reserves.
India is also the second largest consumer of gold, behind China.
Gold in India is a symbol of tradition, culture, and economic significance.
The Reserve Bank of India (RBI) has announced the Sovereign Gold Bond issued by the Reserve Bank of India on behalf of the Indian government as an alternative to physical gold.
RBI announced key measures that are likely to protect the Indian rupee at the interbank forex market and further drive the reserves.
The Central Bank of India (CBI) is hoarding gold at fastest rhythm in years.
BRICS confirmed an International reserve currency based on a basket of currencies backed by gold and other assets.
Gold/Rupee live chart:
The Indian Rupee, represented by the symbol ₹ and the ISO code INR, is the official currency in India.
INR is also a symbol of India's rich and diverse history.
The Indian Rupee plays its role in the process of de-dollarization, reflecting the strategic dynamics in the global landscape.