RBI Buys Gold For First Time In 9 Years, Says Report

The Reserve Bank of India (RBI) has bought 8.46 tonne of gold in financial year 2017-18, the first purchase of yellow metal by the apex bank in almost nine years, a report said. RBI held 566.23 tonne of gold as on June 30, 2018,compared with 557.77 tonne as on June 30, 2017, according to RBI's latest annual report for 2017-18.