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RBI has so far bought 57.5 tonnes of gold in FY 2024-25, which has increased to 879.6 tonnes of India’s total gold reserves. This purchase is considered to be the second largest annual purchase in the last seven years. Gold is always considered a safe investment, especially the time of global economic uncertainties. The step is taken keeping in mind the volatility and global pressures of the US dollar. Many central banks around the world are increasing the purchase of gold to make their currency reserves safe and balanced. India is also taking steps in this direction. Learn, what effect it can have on the Indian economy.
