Due to many reasons, all countries keep their gold in other countries, India is also one of them. India has also kept its gold in Britain. India Brings Back 100 tonnes of gold from britain. India has also kept its gold in Britain.
Before we can tell why India is bringing its gold from Britain, we will tell how much gold each country has. India is number seven in world which has gold. The United States of America has the most gold in the world. USA has 8133 tonnes of gold, second is Germany which has 3352 tonnes of gold, third is Italy which has 2451 tonnes of gold, fourth is France which has 2436 tonnes of gold, fifth is Russia which has 2332 tonnes of gold, number six is China which has 2262 tonnes of gold, number seven is Switzerland which has 2262 tonnes of gold, eighth is Japan which has 845 tonnes of gold, ninth is India which has 822 tonnes of gold, number ten is netherland which has 612 tonnes of gold.
Gold is a metal whose price increases continuously, hence India also keeps gold in its treasury so that when the time comes, this gold can be useful to the country. India keeps a large part of its gold in foreign countries. India keeps most of its gold in Britain.
This question will be in your mind that when our gold is secure in Britain then what is the need to bring the gold back. Currently, G7 meeting has taken place in Italy in which it has been decided that the property of Russia kept in Europe and America will be given to Ukraine. You must have understood that why is India asking for its gold?
Who knows at what time a situation will be created due to which India will have to face trouble. Assume that the relation between Britain and India will deteriorate and Britain will refuse to give gold. No country wants to trust other countries. If Britain goes to war with any country then Britain will use India’s gold to improve its economy. India will not get its gold due to war. Or it may also happen that if Britain’s intentions get spoiled, in this situation also India may lose its gold.
Now the truth is that India is trying to get its gold back from Britain. The 100 tonnes of gold that India has brought from Britain was kept in Britain before independence. After this, 100 tonnes of gold will also be brought from Britain later. India had deposited its gold in the Bank of England before independence. After bringing gold from Britain, the Reserve Bank of India will keep it in Mumbai and Nagpur. India has deposited 514.1 tonnes of its gold abroad, out of which 100.3 tonnes has been brought back from Britain. After this, 413.8 tonnes of India’s gold will remain abroad. For the first time, India has brought so much gold from abroad. This is the first time this has happened in India after independence.
India has now started buying gold to rapidly replenish its gold reserves. In 2019, India had 618 tonnes of gold, then by 2021, India bought 77 tonnes of gold, which took India’s level to 695 tonnes of gold. By 31 March 2024, India had 822 tonnes of gold.
No matter how expensive gold becomes, gold is everyone’s first choice, especially women. Rabi’s property is the property of the Government of India. This gold can improve India’s economy.
A country that can protect its wealth should keep its wealth with itself. This step of Indian government is very good. India has the right to keep its property in its own way. In 1992, the Indian government improved the country’s economy by pledging its gold. Today India is a very powerful country, India can take any step as per its wish in the country.
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