Chennai: The governments of various countries are going through a financial crisis due to the Karona epidemic. For the first time in more than a decade, the central bank of many countries has sold gold. But the Reserve Bank of India bought gold at this time. During the period from July to September this year, the Reserve Bank purchased 4.6 tonnes of gold. Not only that, between March and September this year, the Reserve Bank bought about 30 tonnes of gold. Eight central banks in the world have been able to buy 1 tonne or more of gold in the third quarter of this year. The Reserve Bank of India is one of them. During the July-September period, the world’s central banks bought a total of 33 tonnes of gold, while India accounted for 4.8 tonnes. Other countries whose central banks have bought gold at the moment include the United Arab Emirates, Qatar, the Kyrgyz Republic, Kazakhstan and Cambodia. By October 8, the Reserve Bank of India had increased its total gold reserves to 40.1 tonnes. In the last seven months, the Reserve Bank has purchased about 30 tonnes of gold in phases. Since 2014, the Reserve Bank has been buying gold in phases. In 2014, the Reserve Bank bought 36.5 tonnes of gold, 82.5 tonnes in 2016 and 0.3 tonnes in 2016. Earlier, the Reserve Bank had bought 200 tonnes of gold in 2006.
