India and china compete in buying gold..!?

Usually, people are interested in buying gold. But recently, reserve banks of the world have been buying and accumulating gold. The reason for this is that gold has become a very valuable asset. Central banks in each country buy tons of gold and continuously increase their gold reserves. Krishnan Gopal, senior analyst at the World gold Council, said: The People's bank of china increased its gold reserves by 5 tons in February. Following this, the bank increased its gold reserves by 10 tons in the first two months of 2025. The National bank of poland bought 29 tons of gold last month. This is the largest monthly purchase by the bank since june 2019. Following this, poland overtook china to become the world's largest gold buyer. As of now, Poland's National bank has 480 tonnes of gold reserves.
The bank OF INDIA' target='_blank' title='reserve bank of india-Latest Updates, Photos, Videos are a click away, CLICK NOW'>reserve bank of india has become the second largest gold buyer in the world after the Covid-19 pandemic. Between 2020 and 2024, the bank OF INDIA' target='_blank' title='reserve bank of india-Latest Updates, Photos, Videos are a click away, CLICK NOW'>reserve bank of india bought 244 tonnes of gold. Also, in the last quarter of 2024, some countries reduced their gold reserves, but the bank OF INDIA' target='_blank' title='reserve bank of india-Latest Updates, Photos, Videos are a click away, CLICK NOW'>reserve bank of india continued to buy gold. india bought 22.54 tonnes of gold in the last quarter. This made it the second largest gold buyer globally. china increased its gold reserves by 336 tons in the 5 years from 2020 to 2024. While countries like india, china, and poland are buying and accumulating gold, only one country has reduced its gold reserves. That country is Venezuela. Venezuela's central bank reduced its reserves by 13 percent in 2024. In 2023, venezuela had 61 tons of gold. But by december 2024, Venezuela's gold reserves had decreased to 53 tons. The total value of gold in Venezuela's possession is just $ 4.24 billion. He said this.
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Sowmiya Sriram

11/03/2025 09:44 AM