World Gold Council report: RBI ranks 6th in buying gold abroad

News:The World Gold Council (WGC) recently released its report, “World Gold Outlook 2020”. Facts: Key takeaways from the report: The Gold has performed the best in 2019.Since 2010 the gold trade in dollars has increased by 18.4% in 2019. The Reserve Bank of India ranks 6th in buying gold abroad.Currently,it holds 625.2 tonnes of gold.This… Continue reading World Gold Council report: RBI ranks 6th in buying gold abroad

India among top 10 nations in gold reserves

News: According to the latest release by the World Gold Council, India has ranked 10th in the country list with total gold reserves of 618.2 tonnes. Facts: USA has been ranked 1st with total gold reserves of 8,133.5 tonnes followed by Germany, International Monetary Fund (IMF), Italy, France, Russia and China. Pakistan holds the 45th… Continue reading India among top 10 nations in gold reserves

India’s gold reserves increase marginally in February: WGC

According to the latest data from World Gold Council (WGC), India has marginally increased its gold holding in February 2019. India’s gold holding increased from 607 tonnes in January to 608.7 tonnes in February. Gold holding is a central banks’ total holding of gold as a percentage of their foreign exchange reserves. Early in March,… Continue reading India’s gold reserves increase marginally in February: WGC

‘India ranks 11th in gold holding’

A recent report by World Gold Council has ranked India 11th in terms of gold holding. India’s current gold holding is 607 tonnes. Gold holding is a central banks’ total holding of gold as a percentage of their foreign exchange reserves. India is the largest consumer of gold. USA has ranked first in gold holding followed… Continue reading ‘India ranks 11th in gold holding’