2022
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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RBI
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SBI
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ICICI
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PNB
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Detailed explanation-1: -Reserve Bank of India emerged as the largest buyer of Gold among central banks between April 2020 and September 2022. RBI purchased 132.34 metric tonnes (MT) of gold, while it was the top gold buyer among its peers in 2020.
Detailed explanation-2: -RBI Emerges As The Largest Gold Buyer Among The Central Banks Across The Globe. RBI emerged as the largest buyer of the yellow metal among central banks between April 2020 and September 2022.
Detailed explanation-3: -At that time, the central bank of the United States held approximately 8,133.5 metric tons of gold. The United States has the largest gold reserve, with more than 8,000 metric tons of gold. This was more than twice the gold reserves of Germany and more than three times the gold reserves of Italy and France.
Detailed explanation-4: -At present, Hutti in Raichur district is the biggest gold mine in India. The gold in Kolar Gold Fields has almost been exhausted or is of low grade. Gold is also produced in Bellara in Tumakuru district and Ajjanahalli near Sira.