“India now stands at ninth position in terms of gold reserves” Prithviraj Kothari, M D RSBL

Jan 24, 2024

uygh 300x200 1 1 1Mr. Prithviraj Kothari, Managing Director of RiddiSiddhi Bullions Limited (RSBL)

Central Bank buying is the main factor supporting Gold prices to trade above $2000 in the last few months. Central banks around the world have been buying gold with both hands for the last 2-3 years as they want to diversify their reserves out of Dollar to other asset classes.

The Reserve Bank of India has been actively buying around 40 tonnes of gold every year for the last six years. India now stands at ninth position in terms of gold reserves with holdings over 800 tonnes in 2023. India’s central bank has surpassed the central banks of the Netherlands, Turkey, the UK, and Saudi Arabia in terms of gold reserves lately.

You May Also Like

Facebook Feeds

Cover for Heera Zhaveraat
97,891
Heera Zhaveraat

Heera Zhaveraat

Offical Facebook account of heerazhaveraat.com, homepage for Trade News, Articles and Promotion of D

This message is only visible to admins.
Problem displaying Facebook posts.
Click to show error
Error: No posts available for this Facebook ID

Twitter Feeds

Glimpses of Bharat Diamond Bourse Marks 41 Years of Excellence & 15 Years of Operations of BDB Complex with the Release of customized My Stamp by Department of Posts, Government of India.
Below is the full article
https://lnkd.in/dxZJxcbD

Glimpses of Bharat Diamond Bourse Marks 41 Years of Excellence & 15 Years of Operations of BDB Complex with the Release of customized My Stamp by Department of Posts, Government of India.
Below is the full article
https://lnkd.in/dxZJxcbD

Glimpses of Bharat Diamond Bourse Marks 41 Years of Excellence & 15 Years of Operations of BDB Complex with the Release of customized My Stamp by Department of Posts, Government of India.
Below is the full article
https://lnkd.in/dxZJxcbD

Glimpses of Bharat Diamond Bourse Marks 41 Years of Excellence & 15 Years of Operations of BDB Complex with the Release of customized My Stamp by Department of Posts, Government of India.
Below is the full article
https://lnkd.in/dxZJxcbD

3

Load More

HZ is the Official Supporter of :

Member Of

Founder Member Of