/ Good news RBI moving towards becoming tenth largest holder of gold worldwide

ABP News : Mar 12, 2019, 11:19 AM

RBI has added as many as 6.5 tonnes of gold to its reserve in January and is heading toward becoming the tenth largest holder of the metal globally. India has 11th largest gold reserve in the world. USA leads the chart with total reserve of 8,133.5 tonnes of gold. It is expected that India might soon displace Netherlands which has total of 612.5 tonnes. Gold is considered to be a better hedge against dollar in world.