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RBI 2nd largest buyer of gold in 2021

Largest Consumer Of Gold In The World 2021: RBI 2nd largest buyer_4.1

The largest buyer, the Central Bank of Thailand, bought 90 metric tonnes of gold while RBI bought 77.5 metric tonnes taking its total gold reserve to 754.1 tonnes at the end of December 2021. When it comes to gold buying, the Reserve Bank of India (RBI) emerged as the second-largest buyer of yellow metal among the world’s Central Banks in 2021. As per Goldhub, India’s official gold reserves is the ninth-largest in the world. Goldhub is the official website of the World Gold Council that maintains all the data regarding precious metals.

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At the end of December 2021, RBI gold reserves stood at 754.1 tonnes, which amounts to 6.22 per cent of India’s forex reserves. As per RBI data, India’s total reserves at the end of December 31, 2021, stood at $633.61 billion, including gold reserves worth $39.405 billion.

Important takeaways for all competitive exams: 

  • World Gold Council CEO: David Tait;
  • World Gold Council Headquarters: London, United Kingdom;
  • World Gold Council Founded: 1987;
  • World Gold Council President: Kelvin Dushnisky.

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