By Admin 
India was called a gold bird at one time, although now there is no so much gold here, because foreign invaders looted everything and left from here. But America still has a lot of gold reserves. The US has 425 billion dollars, 4580 tonnes of gold worth about Rs 37 crore. Admittedly, the dollar is the hardest currency, but do you know that when the dollar does not work, then gold is useful at that time. That is why gold is considered to be the biggest means of rescue in the world, not just savings. Many countries of the world have their gold storage with America, but do any country keep gold near India, let’s know.
Gold prices are decreasing
In the last five years, the prices of gold in the international market have doubled. In India too, there has been a huge rise in gold prices, but as soon as the war between Iran and Israel has stopped, there has been a decline in gold prices. We have told you in an article of the previous day about what is the connection of war and gold prices. Here we are going to tell you about foreign gold in India whether other countries also keep their gold in India or not.
Other countries keep gold in India
Whether or not other countries keep gold in India, the answer is yes. Yes, other countries also keep their gold in India. Some countries keep some parts of their gold here to keep gold reserves in India. Some countries such as Bank of England have a long experience of gold security and management, so many countries keep their gold here. Actually, keeping gold abroad makes it easier for foreign transactions and disposal. Apart from this, if there is an emergency in a country, then that country can remove its gold. Talking about other countries, countries like Maldives, Fiji, Seychelles also keep a part of their gold in India.
Gold rules
Rules to keep gold stores from other countries in India are decided by RBI. RBI manages the gold reserves from India, it includes gold at both inside the country and abroad. The RBI provides legal framework for gold storage, management and use. He ensures that gold is safe and it can be used as per the requirement. Apart from this, domestic gold reserves are also managed for import exports.
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