By Our Commercial Correspondent
Mumbai: India with gold stock of 846 tons has attained the ninth highest position in the world. India was at the 10th place after Japan earlier, a press release of World Gold Council said here.
The United States of America (USA) stood on top of the world with 8,133 tons of gold stock and with 3352 tons of gold Germany was the second highest nation with gold stock in the world.
Other countries with large stock of gold in tons are : IMF 2,184 , Italy 2452, France 2437, Russian Federation 2336, China 2,264, Switzerland 1040, India 846 and Japan 846.
India for the last three and fours, the purchase of gold was increased and about 290 tons gold was under the possession of the Reserve Bank of India, the release added. Till July this year the RBI had purchased 42.5 ton gold and with this the total gold stock with the RBI went up to 846 tons . The Central Banks of the other countries of the was were on a spree of gold purchase as a safer security and the investment in gold was likely to rise , the release added in July itself the Central Banks of the world had purchased 37 tons of gold. The National Bank of Poland had purchased 14 tons of gold and Usbekistan’s Central Bank had purchased 10 tons of gold.
The Reserve Bank of India had purchased 5.4 tons of gold this July itself, the release added.
