Total Gold Quantity available with Government
Ministry of Finance – Press Release dated 06-05-2016
Reserve Bank of India holds 557.75 metric tons of gold having value of Rs. 1334.3 billion as part of its foreign exchange reserves as on April 22, 2016. It is estimated that there are stocks of over 20,000 tons of gold in India.
The details of total quantity and value of gold imported and exported during each of the last three years are as under:
| IMPORT OF GOLD | EXPORT OF GOLD | |||
| YEAR | QTY (Tonnes) | VAL (Million USD) | QTY (Tonnes) | VAL (Million USD) |
| 2013-14 | 661.71 | 28704.67 | 72.01 | 3086.46 |
| 2014-15 | 915.47 | 34407.18 | 70.82 | 2845.15 |
| 2015-16 | 956.62 | 31679.47 | 149.23 | 5512.52 |
Note: Figures for 2015-16 is provisional.
Government has launched the Gold Monetization Scheme and Sovereign Gold Bond Scheme in this regard.
This was stated by Shri Jayant Sinha, Minister of State in the Ministry of Finance in written reply to a question in Lok Sabha today.
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