Why RBI Buying So Much Gold? RBI Purchases 13.3 Tonnes of Gold in First 2 Months of 2024 | Economy
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In this video, uncover the reasons behind RBI's recent gold purchases, totaling 13.3 tonnes in the first two months of 2024. Explore the economic implications and strategic motives fueling this move by India's central bank. Join us for a detailed examination of this significant development in the realm of economics.
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#RBI #NEWS #GOLD #INDIA #LATEST #CURRENTAFFAIRS #UPSCPREPARATION #UPSC
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West Bengal main 2016 ssc pannel ko reject kar Diya sir.
India Apna Sara Sona gold UK England Mein Kyon Rakhta Hai Jo Desh Humko Luta tha Dobara kya Luta Nahin ka Ilaha hai kya Indian government ko RBI ko Sara Sona India ke andar hi Rakhna chahie Taki India ka gold India mein rahe Ek to Dala Nahin Hai Jo usme ya Kisi Aur Desh mein rakh Di Unka currency Hai Kisi Ka Saga Nahin gold Apna chij apne pass hi Rakhna chahie
RBI is buying gold because India is watching the whole world at the edge of war. In condition of war the dollar became useless but value of gold no decreases too much.
Yes🗿
OR maybe de-dollarisation
Dollar is never useless in November trump will be back to precidentship n he will definitely change something big
@@Junkyard-qi6ut not about useless its all about dependency
exactly
I told my mom to buy gold at the start of Russia Ukraine war 😭i knew currency value will decrease
Stocks gone 3 times from then but not gold
Maine bhi 20gm gold liya tha November me 😂
Bhai dollar Aaj bhi utna hi powerful h yarr .....soft currency ka kabhi bhi koi bharosa nhi hota ...uski chodo ...dollar k bina duniya possible nhi h bcoj sare countries kisi dusri currency pr agree kr jaye possible nhi
@@pritamshreyas9958mene bhi 2 tola liya hai bhai
Gold bought by RBI is different than your mom's gold
Congratulations Gukesh for winning FIDE candidates at the age of 17 a world record.
Haan Gukesh ye video dekhne ayega Jo aap yahan congratulate krre 😂
@@adityajaiswal9156 I am just too much happy for him ... I just want to give the news to everyone it's a great achievement
Gold can be traded in adverse time, whose value is independent of currency sanction.
Yep
Dollar is ending
Dedollarisation
😂
Gold can be traded secretly in case of sanctions.
But US freezes dollars.
correct ! dedolloarisation is the effect
@@arpitadas1386 oh I thought this was just a joke based on the term: demonetization 😂
@@ekjotsingh9609 Nah brics is launching its own basket currency "R5" soon. So brics nations new or old are most probably buying gold to back up this currency and also preparing for sanctions by USA.
RBI INR ko gold backed currency bana raha hai...which is great...❤❤...isse future me long term me Indian Ruppee ki value bhot badhegi aur because INR iss time tak gold backed hogi issliye dollar ki fluctuations ki wajah se INR pe fark nahi padega jyada...INR ki value gold determine karega...aur gold ki value hamesha with time badhti rahti hai...❤❤😂
Good analysis Desh ke liye long term mein accha hoga .gold backed currency ka humari saving par kya effect hoga?
I was thinking the same reason, well said!
It'll be very much disastrous too because FDI investment to India will drastically decrease.
@@Nirvana-. can you please explain how?
Good analysis bro
Rupees stability, international currency, decentralization
Apne pass 800 ton hai aur US ke pass 8000.
Gold is a very stable investment and safe reserve..gold demands in our country is highest in the world..we are top buyer of gold..and for this huge demand we have to raise our gold reserves..not dollars...and as per Goldman Sachs we are going to replace US in 2075 at 2nd position.
Common indians buy ornanments..other countries citizens and central banks of china ,usa Germany have bought pure 24k gold ..rbi is not even in top 5 in pure gold reserves
Option -(D) Thailand
I still think we should not store our forex reserves with USD/EUR/GBP etc as they can print new notes any time. We need to store our reserves with Gold / Silver and physically store it in India itself.
Exactly ...can't believe that still the rbi hasn't shifted the reserves gradually to India which is very dangerous
One prime minister sold gold to Uk for dollars making country week.
While Another prime minister is building gold reserve. To make india strong
How mindless you are. India already facing huge debt
@@imsameer2926indias external govt debt is under 5% of gdp. So we are stable. Our debt is in local currency, so no worries.
Go read newspaper kid.
What’s app bro
People buying more RBI soveriegn gold bonds and RBI buying Gold reserves is a good step!
Actually ye humara traditional eco system hai
11:17 Asian Financial Crisis of 1997 started from which of the following countries?
Answer:- [D.] Thailand
The 1997-98 Asian financial crisis began in Thailand and then quickly spread to neighbouring economies. It began as a currency crisis when Bangkok unpegged the Thai baht from the U.S. dollar, setting off a series of currency devaluations and massive flights of capital.
जय हिन्द जय भारत 🇮🇳🇮🇳🇮🇳🙏🏽🙏🏽🙏🏽
Dr. Ankit Shah must be credited with predicting this and dedollarization
Yes, Exactly! He has been saying this from a long long time.
Ankithji is goat
Yeah true
The man the myth tur legend
Ye baat maine bahut logo se suna hai so ye kuch new nhi hai😂
I am From Arunchal, We In Arunachal after 2014:-
1️⃣ 1st Time 4 Airport made in Arunachal ie Itanagar, Tezu, Ziro and Passighat Airport
2️⃣1st Time 3 All Wheater Tunnels made in arunachal
Like Sela and Nechiphu Tunnel
3️⃣1st Time Medical College open in arunachal ie THRIMS
4️⃣ 1st time nat’l seismological observatory open in arunachal Bomdila
5️⃣ 44,000 Crore trans Arunachal Project arunachal
6️⃣INDIA LONGEST BRIDGE MEANT FOR ARUNACHAL PRADESH connectivity inaugurated in 2017 ie Bhuben Hazarika Bridge
And Many More
❤
@@saptarsi7868kaise?
Jo naukri k layak hai usko toh milna hi hai. Tum mahenat na karke TH-cam me naukri k liye chillane se nahi milega na .
@@saptarsi7868 Ghar me aakey kaun tereko naukri dega. 😂😂😂 Compete Karo vai. Opposition valo ka propaganda mat felawo
@@saptarsi7868 Ha utha ke le jayenge Ghar se 😂
सर, Gold Stable Asset यानी पूरी तरह से Power of Reserve तब कहलाया जाएगा, जब original रूप में Gold rbi में रहे|
सर, digital रूप में purchase पूरी तरह से power नहीं कह सकते|
यदि world की लड़ाई दिखी और sanctions दिखा तो सबसे पहले digital reserve amount ही seized होती है|
if RBI is putting half of total gold in Bank of England or other overseas banks, if sometime in future, if they seized or refuse to give back then what will india can do and what benefits india gets on depositing gold in Bank of england?
Exactly what America did with Afghanistan & Russia.
Exactly ...this is so dangerous
Even we can stop paying our external debts which are around 650 billions, which are more than our total forex reserves in case if they block access to our forex.
@rajeshbobba3851isse country ki rating aur gir jayegi and investment nhi ayega
74k plus gst and labour's charge appox 80k
15% tax
MMTC ka 78k ka mil gya
If you are talking about jewellery no one makes from pure 24k gold, mostly 18k or 22k gold is used which is around 55 thousand and 68 thousand rupees respectively.
Gold price + Gst is 3% + Making charges 2-7%
@@mastersd0008 15% excise duty ( import duty )
Buying Gold by RBI is a good step but till we physically possess that Gold there shall always be a risk of non-accessibility at the time of crisis.
Idk if my assessment is correct or otherwise but GOI should endeavour to make GIFT city a gold and other transaction settlement hub and also strive to bring the physical Gold within the geographical jurisdiction of INDIA.
World has understand, monopoly of dollar should be reduce
Gold doesn't age.
gold reserves increases because one of major factor for same is changing in valuation of gold
RBI is making it all well
Coz whenever thw BRICS currency will be launched this gold will give India more and more wieghtage and more dominance in the BRICS currency
Ankit sir thanks alot.
Y RBI is not storing gold in india.
It's same if some negative happens tomorrow it's same like dollar?
RBI preparing for Diwali 😂
Ankit shah predicted it
Yes
de dollarisation and to introduce R5 with BRICS+Saudi
RBI very late, ye kaam 2010 se start karna chahiye tha.
Aakhir kaar start toh kiya
agr raghu ko nahi laya hota to baat thi
Hmm, 2006-2008 would have been much better
Dedollarisation hone wala h.. It's inevitable now.. Next BRICS summit will be critical..
2010 main srakar bhi toh kiski thi
Indian household traditional gold jewellery >>>> RBI Gold Reserves
Fantastic session sir
❤😊😊😊😊😊😊as always..thanks for your effort
This is a very good decision by RBI to control the deflating value of Indian currency.
It is a good thing.
Can you please explain about valuation of gold has been done at purchase value or market value? & Increase in reserve of gold is because of increase in value of gold or because of purchase of fresh gold ?
Lot's of Gratitude Sir ❤
MRR....according to RBI Act ....resolution
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Gold ka reserve bhadha kar globally dollar ka devaluation Kiya Jaa sakta h kya
If countries reduce to reserve dollar and use other currency or gold for trade
???
RBI should take the gold from London or other overseas bank and keep in India .In case UK impose sanctions gold asset will be useless. Due to the situation around the world you keep keep important assets within the country.
Still under British rule?
On July 2, 1997, Thailand devalued its currency relative to the U.S. dollar. This development, which followed months of speculative pressures that had substantially depleted Thailand's official foreign exchange reserves, marked the beginning of a deep financial crisis across much of East Asia.
385 tons of GOLD is kept in NAGPUR R.B.I. BASEMENT. As per
RTI ANSWER OF RBI .
DWARKAPRASAD JOSHI NAGPUR
Thieves paise hi paise hoga😂😂😂
RBI should have started it long back ago. Better to have more Gold as reserve since it's a neutral asset rather than some paper currencies. Not a good idea to keep gold in some other central banks. Fiat currencies are losing value, their purchasing power is going down, so gold is the best bet.
May be new currency...!!!
6:20 Request to RBI, Chor Bazar mai gold na rakhe. Please🙏
RBI is buying gold to increase our forex reserves as the value of gold doesn’t change much and hence doesn’t get affected due to change in the value of dollar.
It’s not dedollarization as it will impact GDP negatively
Preparation for adverse condition like war
Russia buying Gold,
China buying Gold,
India buying Gold,..... something big is going to happen..!!!😮
who is selling all this gold ??????
Good question
Miners
लाला सेंठ नाथ चौरसिया
😂😂@@ShivamVerma-py5uf
Uae and saudi arabia
Thailand 🇹🇭 se start hua tha ..
Because India has tried to recapture pok as of fear of sanctions gold can use for trading
Govt is also saying sale of gold without receipt will not be allowed. They have given a window to sale their gold. After that you cannot sell your gold even if ancestorial jewelry.
Is there a possibility to make INR stronger currency when they go negotiate for BRICS currency? So China won’t be able to dominate? Is it possible?
As per RBI Retail Direct statement, Sovreign Gold Bonds yields 2.5% plus market value. They issue 2.5% as coupon value twice in a year. But, when they will give the difference is market value? at the end of the period?
That's an great idea
option B = Thailand
Gold back digital currency ..
More buying needed
Actually RBI didn’t purchased all of that gold.. value of existing gold went up.
Because it's the original currency
If you are going to compare Nifty returns and Gold returns from year 2000, then you will not make significant return. Gold will give in par return with Nifty or else it will increase just as it has doubled in 5 years. It is the only form of currency that is immune to everything in the world. So investment should be seen thoroughly and you can increase the allocation percentage of gold in your portfolio.
Sir domestic market me gold ke price pr effect padega ?
জয় শ্রী রাম❤🕉️
Jai Shree Ram ❤
@He_is_a_beutiful_gril er mane ta ki ??
Ram Ram
Dhormochinta dhormochetona@@aryanchauhan2435
Bhai pls remove mamta
@@Abhishek.Bharatmatakijai next election
Why are the reserves kept overseas in England and Scotland ...they should be shifted asap to india ...
OPTION-D............. The 1997 Asian financial crisis was a period of financial crisis that gripped much of East and Southeast Asia during the late 1990s. The crisis began in Thailand in July 1997 before spreading to several other countries with a ripple effect, raising fears of a worldwide economic meltdown due to financial contagion.
RBI is doing a right thing to buying gold coz that will lead to scarcity of gold in global market and then our currency will become stronger like US DOLLAR
This 5 years will be very scintillating time for the world, something big will happen,
asian financial crises of 1997 started from Thailand
Agar koi senction lagta hai India pe to us doller use kar nhi payenga but gold use karke apna kaam nikal sakta hai india 😊
SGB bond maturity coming up is the reason for buying gold?
Ans:Thailand,option(d)
I want to know is RBI run India I mean I wantto know, I just want to know, I have problem if RBI run the country I will think in terms of that in future because I love the system which work non stop. I love it. Smartest move of the year.
Rbi maintain inflation it's their duty to control inflation
Gold stock is best ❤ पर पानी, पेड़ और पर्यावरण दुनिया के लिए अनमोल रत्न है इसे बचाओ ।
सभी लोग अपने घर के आसपास रखो तभी देश स्वच्छ रहेगा ❤❤❤❤
We should plant more trees in our homes garden and try to do rain water harvesting if we can government should also help in this initiative and we as people should take care of hygiene and our environment and explore more opportunities then only india will move ahead .
India has another reason, Govt has to back Sovereign Gold Bonds issued with real gold because after 8 years, it needs to be pay back. So Govt is smartly increasing its reserve with its own people money which is a good tactic.
Mene 200gm khareed liya tha pehle hi
I have already purchased online gold & it price increased 11% in one month 💀
Unpredictable world scenario/geo-politics is one reason and the second reason is de-dollarisation planning ongoing in Brics+. Even Russia and China are buying gold and China is buying it even in very huge numbers compared to India. Brics is definitely planning something but only time will tell
RBI Governor Saktikant Dash will be remembered for long for his far reaching decions
Still the number is low RBI should buy more GOLD
Gold sasta tha tab karidna chahiye tha mahngai me mahenga gold kyu kharid raha RBI samje me nhi aa raha
Asian financial crisis started July 1997
Thailand first state started
in 5 months I got 24% return from Sovereign gold Bond
Option D
Gold is the ultimate currency
west bengal SSC scam pe vdo banao.....
Kolkata HC ne apna final verdict de diya hai.....
Bitcoin and Kaspa is the best Reserve Currency.
🔴The 1997 Asian financial crisis began in Thailand.
🔺 It swiftly spread to neighboring economies, creating a ripple effect that raised fears of a worldwide economic meltdown due to financial contagion. The crisis originated when Bangkok unpegged the Thai baht from the U.S. dollar. This move triggered a series of currency devaluations and massive capital flight, affecting several countries in East and Southeast Asia.
India needs to become like Swizerland , Build Fortress to store Gold not just India's gold but also Foreign nation.
Isnt it good to store gold in our country because if Western countries put sanction in india if war breakout.. Then we might loose all the gold 🪙
But now the prices are up why buy now. India would be paying more for less gold.
Jaruri hai aur lena chaiye ❤
88k till dec if regulations not. Come Ankit Shah
So RBI KEEPS MAJORITY OF ITS GOLD IN ENGLAND?? AUR VO KYU??? WE DNT TRUST OURSELF WITH OUR OWN GOLD??
Ankit Shah is goat he already know about this
Option D is correct
Preparation of De-dollarisation 🎉
When war breaks out, currency doesn't hold value, v will be back to golds n value items
Hum First Hum first ❤❤
Aapko bharat ratna diya jae
Bhie koo 🫡
I think there is possibility of war?
WW3 has just begun
Iran is going bto show presence in nuclear tech soon
This is a very good decision, this will help in dedollarisation and the gold rates are growing. 👏🏻🇮🇳