look news india
RBI Gold Purchase:: World Gold Council (WGC) Said that central banks around the world bought 60 tonnes of gold in October, with the Reserve Bank of India (RBI) leading the way with purchases of 27 tonnes. According to this WGC data based on the monthly report of the International Monetary Fund (IMF), India increased its gold reserves by 27 tonnes in October, taking its total gold purchases to 77 tonnes from January to October this year.
Gold purchases increased compared to last year
WGC said this purchase of gold by RBI represents a five-fold increase compared to the same period last year. The data shows that with these purchases, India’s total gold reserves now stand at 882 tonnes, of which 510 tonnes are present in India.
WGC provided important information
WGC said that central banks in emerging markets have maintained their dominance in gold purchases. Türkiye and Poland increased their gold reserves by 72 tonnes and 69 tonnes respectively during January-October 2024. It said that the central banks of these three countries have bought 60 percent of the total global net purchase of gold this year.