What is the position of India in global gold reserves, as per the data of World Gold Council (WGC)?
Options
A. 30th
B. 18th
C. 21st
D. 11th
Correct Answer
11th
Explanation
According to data provided by the World Gold Council (WGC), India has the 11th largest gold reserve and the current holding pegged at 607 tonnes. The Netherlands holds the 10th position with 612.5 tonnes, or just about 5.5 tonnes ahead of RBI. The top spot is occupied by US gold reserves of 8,133.5 tonnes, followed by Germany with 3,369.7 tonnes. International Monetary Fund (IMF) ranks third on the list with total gold reserves of 2,814 tonnes.
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