Gold reserves in india
Around 300 B.C. an ancient Greeks historian Megasthenes came to India. In his book 'Indica' he called India the golden bird. As time passed that title was lost because of some horrible incident that happened in India. But nowadays India has slowly regained the title "THE GOLDEN BIRD". Gold is one of the most precious and valuable metals that can find on our planet. The value of gold is increasing day by day, making it a more attractive investment option for many people. That's why almost all the countries in the world reserve gold in their central bank as a backup. Because if anything bad happens like a natural disaster, economic slowdown, war, etc they can use that gold and find a better way out of that situation. India has 573 billion dollars of foreign reserves in the Central Bank. Out of 573 billion dollars, India has 787 metric tonnes which are worth 44 billion dollars in gold reserves. India has ranked 9th in the world in gold reserves with a 7% share of...