Indian Gold Book:Indian Gold Book - Gold Bars Worldwide
Indian Gold Book:Indian Gold Book - Gold Bars Worldwide
Indian Gold Book:Indian Gold Book - Gold Bars Worldwide
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ROLE OF INDIAN GOVERNMENT<br />
OFFICIAL GOLD RESERVES 1950 - 2001<br />
Year Tonnes Year Tonnes<br />
1950 219.8 1976 216.3<br />
1951 219.8 1977 228.8<br />
1952 219.8 1978 260.1<br />
1953 219.8 1979 266.2<br />
1954 219.8 1980 267.3<br />
1955 219.8 1981 267.3<br />
1956 219.8 1982 267.3<br />
1957 219.8 1983 267.3<br />
1958 219.8 1984 271.7<br />
1959 219.8 1985 292.3<br />
1960 219.8 1986 325.0<br />
1961 219.8 1987 325.0<br />
1962 219.8 1988 325.0<br />
1963 219.8 1989 325.0<br />
1964 219.8 1990 332.6<br />
1965 249.6 1991 350.6<br />
1966 216.3 1992 353.0<br />
1967 216.3 1993 356.3<br />
1968 216.3 1994 367.0<br />
1969 216.3 1995 397.5<br />
1970 216.3 1996 397.5<br />
1971 216.3 1997 397.5<br />
1972 216.3 1998 357.3<br />
1973 216.3 1999 357.7<br />
1974 216.3 2000 357.7<br />
1975 216.3 2001 357.8<br />
Sources. 1950-91: Reserve Bank of India. 1992-2001: Derived from<br />
IMF International Financial Statistics.<br />
Official gold holdings have grown from 216 tonnes (1976) to 358 tonnes (2001) - an increase of 142 tonnes<br />
over the past 25 years.<br />
1956. The RBI revalued official holdings from Rs 21.24 to Rs 62.50 per tola (Rs 58.58 per 10 g).<br />
October 1990. The RBI changed its valuation policy, revaluing official holdings each month at the prevailing international<br />
market price for gold.<br />
May 1991. The government pledged 47 tonnes of official holdings to back loans from international banks for development<br />
purposes. After a national outcry, the pledge was withdrawn.<br />
The India Government Mint, Mumbai has refined gold since 1919.<br />
AN INTRODUCTION TO THE INDIAN GOLD MARKET 29