At what position, RBI ranked in the world Gold council report titled out look 2020 global economy trends and there impact on gold
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At what position, RBI ranked in the world Gold council report titled out look 2020 global economy trends and there impact on gold
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Answer:
On January 15, 2020 India’s central bank i.e., the Reserve Bank of India (RBI) has been ranked 6th largest buyer of sovereign gold abroad after it purchased 25.2 tonnes in the first 10 months of 2019 according to World Gold Council(WGC) report titled “Outlook 2020: Global economic trends and their impact on gold”. The central banks of China, Russia, Kazakhstan, Turkey and Poland have purchased more gold than India in 2019. The report in detail are as follows: